Pacific Palisades fire may spell an end to cheap homeowners insurance in California
Published: Thu 9 Jan 2025
January 9 by Andy Sullivan (Reuters) - The Pacific Palisades area ravaged by wildfires in Los Angeles is one of the most expensive neighborhoods in the U.S., home to Hollywood A-Listers and multimillion dollar mansions. And ahead of this week's disaster, its insurance costs were among the most affordable in the country, according to a Reuters analysis of insurance and real estate industry data.