The anger of homeowners in Los Angeles is growing as they are facing an insurance crisis as companies could struggle to cover the staggering costs of the wildfires.
Tens of thousands of displaced LA residents have lost everything but the clothes they were wearing and a few select personal items, leaving insurance companies on the hook for colossal payouts.
But customers of one of California’s biggest insurancers ranted against the company last week after the company cancelled fire coverage for thousands of homeowners in the Pacific Palisades last summer in an attempt to avoid ‘financial failure’.
