Tyler Perry Calls Out Home Insurance Companies for Canceling Plans Months Before L.A. Fires: ‘People Are Left With Nothing Because of Pure Greed’

variety.com:

Zack Sharf Digital News Director Tyler Perry recently took to Instagram to slam the “pure greed” of insurance companies amid the devastating L.A.

fires. The director’s statement was published shortly after a report from the Los Angeles Times informed readers that companies like State Farm General, the largest home insurance business in California, decided not to renew thousands of insurance policies last year in Altadena and other fire-prone neighborhoods in the Pacific Palisades that are now burned down.

The cancellations have left many victims with no means of covering their losses in the fire. “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,” Perry wrote in his statement. “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. “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.

While some insurance companies canceled plans, others jacked the prices of plans so high that it was no longer feasible for some residents in the Pacific Palisades area to purchase.