Tyler Perry Slams Insurance Companies For Canceling Policies During California Wildfire Crisis
Tyler Perry Slams Insurance Companies For Canceling Policies During California Wildfire Crisis
Tyler Perry is calling out insurance companies for attempting to drop clients amid the devastating California wildfires.
The filmmaker voiced his frustrations on Instagram, writing:
“Does anyone else find it appalling that insurance companies can take billions of dollars from communities for years and then, all of a sudden, be allowed to cancel millions of policies for the very people they became rich off of?”
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He added:
“People who have paid premiums all their lives are left with nothing because of pure greed.”
Tyler also expressed his well wishes to those affected by the fires, noting that he’s working on steps he can take to help.
According to a recent update from NBC News, the fires have left at least 16 people de*d and have swept through 37,000 acres, destroying entire communities and over 12,000 structures.
A report from NBC stated that many private insurers, such as State Farm, have been scaling back coverage in high-risk areas. State Farm specifically dropped 1,600 policies in Pacific Palisades this July, according to the California Department of Insurance. A previous analysis also revealed the company had canceled over 2,000 policies in other Los Angeles neighborhoods, including Brentwood, Calabasas, and Hidden Hills.
While State Farm emphasized its commitment to customer safety and support during the fires, its decision reflects a growing trend among insurers like Allstate and Farmers Insurance, which have reduced coverage or halted new policies in wildfire-prone regions. This shift has left many homeowners with limited options, including the state-mandated California FAIR Plan, which offers basic fire insurance for properties in high-risk zones.
Do you agree with Tyler? Share your thoughts in the comments!