November 2, 2024 Breaking News, Latest News, and Videos

Report: State Farm’s California Policy Shakeup to Hit Palisades the Hardest

Customers Affected Will Receive Notifications Starting July 3 for Property Holders and August 20 for Commercial Apartment Holders

The San Francisco Chronicle has issued a report that State Farm, California’s largest home insurance provider, plans to non-renew over 1,600 policies in Pacific Palisades, making it the hardest hit neighborhood by the insurer’s shakeup. 

Last year, State Farm halted the issuance of new homeowners policies in the state and subsequently implemented an average rate increase of 20% for existing customers. The company cited the need for “long-term sustainability” in the state as the rationale behind these changes. This affects approximately 30,000 property policies and 42,000 commercial apartment policies across California

Customers affected by the non-renewals will receive notifications starting July 3 for property insurance holders and August 20 for commercial apartment insurance holders. According to a non-renewal letter filed by State Farm with the state, policies presenting significant wildfire or fire-following-earthquake hazards or located in areas of high concentration are no longer eligible for renewal.

Chronicle data further reveals that after Pacific Palisades, the Bel Air region of Los Angeles has the next-largest percentage of California homeowners set to lose their State Farm policies, at about 67%. This is followed by 65% in the Los Gatos and Santa Cruz Mountains region, 62% in Topanga Canyon, and 60% in Calabasas.
The Chronicle’s full report can be found at https://www.sfchronicle.com/california/article/zip-code-hit-hardest-state-farm-home-nonrenewal-19393629.php.

<>Related Posts

Beverly Hills City Government Agrees to a Stipulated Judgment After Blocking Abortion Clinic Opening

November 1, 2024

November 1, 2024

City to Implement Training, Oversight on Reproductive Rights Following Legal Settlement  California Attorney General Rob Bonta announced a legal agreement...

Dia De Los Muertos 2024: Here’s Where To Celebrate The Holiday Tradition This Weekend

October 31, 2024

October 31, 2024

Los Angeles Has a Variety of Ways to Explore Latino Culture and Honor Ancestors Starting just after Halloween, Dia de...

Santa Monica Seeks Public Input on Cannabis Equity Program

October 31, 2024

October 31, 2024

This Program Aims to Ensure That Individuals Affected by Past Criminalization Have Fair Access to Opportunities Santa Monica is calling...

(Video) Downtown L.A. Reacts to World Series Victory

October 31, 2024

October 31, 2024

The Dodgers Are World Series Champs For The Eighth Time https://www.tiktok.com/t/ZTFtyDDKn

Here’s Why West L.A. Stunk So Bad This Week

October 31, 2024

October 31, 2024

Coastal Communities Were Blanketed by an Intense Smell Brought on by an Oceanic Phenomena Sarena Snider had just returned to...

Halloween Pre-Game Party Brings Chills and Spooky Thrills to The Rose Venice

October 31, 2024

October 31, 2024

Enjoy Halloween With Festive Cocktails, Appetizers, and a Costume Contest The Rose Venice in Venice is set to host a...

Michael Mina’s Egyptian-Mediterranean Restaurant Opens in Santa Monica

October 30, 2024

October 30, 2024

Inside, the 270-Seat Restaurant’s Interior Draws Inspiration From Greek and Egyptian Coastal Aesthetics Renowned chef Michael Mina has opened his...

Los Angeles Dodgers Win 2024 World Series in Thrilling Comeback Against Yankees

October 30, 2024

October 30, 2024

Dodgers Claim the Championship Title With a Stunning Victory After Intense Game By Dolores Quintana The Los Angeles Dodgers are...

Trailer for Luca Guadagnino’s Queer Drops, Set for Limited Release on November 27

October 30, 2024

October 30, 2024

Based on William S. Burroughs’ Novel, the FilmBrings a Powerful Love Story to Life Not content with releasing one amazing...

Petition Launched to Stop Sale of Venice’s Friendship Baptist Church

October 30, 2024

October 30, 2024

Congregants were recently made aware that the church property at 606 Broadway Street was listed for sale Members of Venice’s...

(Video) Home Front Build Maintains Original Architectural Vision For Modern Homes

October 29, 2024

October 29, 2024

For More Information, Go to homefrontbuild.com @smmirrornews Home Front Build Adapts Original Vision of Architect Into Modern Structures #home #construction...

Governor Gavin Newsom Allocates $827 Million to Combat Homelessness Statewide

October 29, 2024

October 29, 2024

New Funding Aims To Create Housing, Expand Shelters, Enhance Support Services Governor Gavin Newsom announced $827 million in new state...

Big Blue Bus to Unveil New Dog Park with Community Celebration

October 29, 2024

October 29, 2024

Attendees Can Enter Their Pets in a Doggie Fall Fashion Show, With Prizes From Local Businesses The City of Santa...

At Vistamar School – Discover the way high school should be

October 29, 2024

October 29, 2024

Students achieve remarkable outcomes with our strong academics, small classes, and personalized approach. Our graduates don’t just attend college—they excel....