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nme.com
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Tyler Perry hits out at “appalling” insurance companies’ “pure greed” amid LA wildfires destruction
LA wildfires.The fires, which started in the Palisades area of Los Angeles in California on January 7, have destroyed thousands of buildings and left many more without power, and at least 25 people have died.Perry took to social media to share his outrage. He wrote: “Watching a daughter use a garden hose to try and protect her 90-year-old parents’ home because their insurance was canceled was just gut-wrenching to me.“Does anyone else find it appalling that insurance companies can take billions of dollars out of communities for years and then, all of a sudden, be allowed to cancel millions of policies for the very people they became rich on?”A post shared by Tyler Perry (@tylerperry)He continued: “People who have paid premiums all of their lives are left with nothing because of pure greed.“As I am in the process of trying to figure out what steps to take to do all I can to help as many as I can, I am keeping everyone in my prayers.”The post came after a piece was published by the Los Angeles Times, reporting that some home insurance companies (including State Farm General, the largest in California) decided not to renew thousands of policies last year in some of the neighbourhoods that have been affected by the wildfires.
nypost.com
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Tyler Perry slams ‘appalling’ insurance companies for canceling policies amid LA fires: ‘Pure greed’
deadly Los Angeles wildfires.“Watching a daughter use a garden hose to try and protect her 90-year-old parents’ home because their insurance was canceled was just gut-wrenching to me,” the filmmaker, 55, wrote in a statement via Instagram on Sunday.Perry continued, “Does anyone else find it appalling that insurance companies can take billions of dollars out of communities for years and then, all of a sudden, be allowed to cancel millions of policies for the very people they became rich on?”“People who have paid premiums all of their lives are left with nothing because of pure greed,” he added.Perry concluded his message by writing, “As I am in the process of trying to figure out what steps to take to do all I can to help as many as I can, I am keeping everyone in my prayers.”Thousands of people in the Los Angeles area have lost their homes due to the devastating wildfires.According to the LA Times, State Farm General announced in March 2024 that it would not renew 30,000 homeowner and condominium policies — including 1,262 in Pacific Palisades, the area hit hardest by the fires.Chubb Insurance reportedly stopped writing policies for high-value homes with higher wildfire risk in 2021.Allstate, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co.

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