CA wildfire backlash: State Farm, other insurers slammed for dropping coverage

The deadly wildfires that hit Southern California this week destroyed a significant number of homes after some leading insurance companies pulled back on offering policies in the Golden State in recent years due to the rising risks of wildfires as well as a challenging regulatory environment.

Several ongoing wildfires, including the Palisades Fire and Eaton Fire, have devastated communities in the Los Angeles area, including Pacific Palisades and Altadena. The fires have burned nearly 30,000 acres amid a Santa Ana wind event...