Tyler Perry just lately took to Instagram to slam the “pure greed” of insurance coverage firms amid the devastating L.A. fires. The director’s assertion was revealed shortly after a report from the Los Angeles Instances knowledgeable readers that firms like State Farm Normal, the biggest residence insurance coverage enterprise in California, determined to not renew hundreds of insurance coverage insurance policies final 12 months in Altadena and different fire-prone neighborhoods within the Pacific Palisades that at the moment are burned down. The cancellations have left many victims with no technique of overlaying their losses within the hearth.

“Watching a daughter use a backyard hose to attempt to defend her 90-year-old mother and father’ residence as a result of their insurance coverage was canceled was simply gut-wrenching to me,” Perry wrote in his assertion. “Does anybody else discover it appalling that insurance coverage firms can take billions of {dollars} out of communities for years after which, hastily, be allowed to cancel thousands and thousands of insurance policies for the very individuals they grew to become wealthy on?”

“Individuals who have paid premiums all of their lives are left with nothing due to pure greed,” he added. “As I’m within the means of attempting to determine what steps to take to do all I can to assist as many as I can, I’m preserving everybody in my prayers.

Whereas some insurance coverage firms canceled plans, others jacked the costs of plans so excessive that it was now not possible for some residents within the Pacific Palisades space to buy. As an example, home-owner Francis Bischetti instructed the Instances that Farmers Insurance coverage boosted the worth of his insurance coverage coverage from $4,500 to $18,000 final 12 months. Bischetti had no alternative however to drop the plan, leaving him with out insurance coverage by the point his home burned down within the L.A. fires this month.

“It was surrealistic,” he instructed the publication. “I’ve grown up and lived right here on and off for 50 years. I’ve by no means in my whole time right here skilled this.”

In line with the Instances, State Farm Normal introduced final 12 months “it could not renew 30,000 home-owner and condominium insurance policies — together with 1,626 in Pacific Palisades — once they expired.”