State Farm Drops 70,000 California Home Insurance Policies, Affluent LA Neighborhoods Hardest Hit

• Thousands of Californians to lose State Farm home insurance, with upscale LA neighborhoods like Pacific Palisades, Brentwood, and Woodland Hills hit hard • State Farm dropping over 70,000 policies statewide due to insufficient approved rate hikes and need to reduce exposure • Residents concerned about finding affordable replacement coverage amidst home insurance crisis • Proposed state reforms aim to encourage insurers to provide more coverage, but some consumer advocates criticize • State Farm remains committed to collaborating on reforms to resolve crisis