About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.

Perhaps the most interesting part of the article:

  • TheLowestStone
    2•3 months ago

    If you spend what you make, you’re not rich. You’re pretending to be rich.

    • @derf82@lemmy.worldEnglish
      -1•3 months ago

      Some people can spend $50m a year. Just because you can spend it all doesn’t mean you are not rich. Also, there mere existence of richer people doesn’t make you not rich.