Tyler Perry calls out insurance companies for canceling ‘millions of policies’ ahead of LA fires: ‘Pure greed’

Tyler Perry called out insurance companies for canceling “millions of policies” for Los Angeles homeowners ahead of the disastrous wildfires.

The filmmaker took to Instagram Sunday to share that he saw a woman using a garden hose to protect her 90-year-old parents’ home “because their insurance was canceled.”

“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?” he wrote in a lengthy statement.

Tyler Perry slammed insurance companies for canceling “millions of policies” for Los Angeles homeowners ahead of the wildfires. Getty Images for Critics Choice Association
The filmmaker posted a lengthy statement via Instagram on Sunday. Instagram/tylerperry

“People who have paid premiums all of their lives are left with nothing because of pure greed,” Perry, 55, 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.”

The actor-director shared his support as numerous Angelenos — many without insurance coverage — have lost their homes in the devastating Palisades and Eaton wildfires raging across the city.

“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?” he wrote. REUTERS
“People who have paid premiums all of their lives are left with nothing because of pure greed,” Perry added. Rick Davis / SplashNews.com

According to the Los Angeles Times, State Farm General Insurance revealed in March 2024 that they would not be renewing 30,000 home and condominium policies once they expired.

More than 1,600 of the policies were in Pacific Palisades.

The outlet reported that Chubb Insurance also refused to approve new polices for high-value properties in fire risk areas.

The actor-director shared he was trying to figure out the best way to help those impacted by the fires. Rick Davis / SplashNews.com
The Los Angeles Times reported that multiple insurance companies refused to renew policies for high-value properties in fire risk areas. AP

Allstate also halted politicies, while Tokio Marine America Insurance Co. and Trans Pacific Insurance Co. stopped providing policies in California, per the Times.

Mercury Insurance, however, made themselves available to take the companies’ former customers.

According to Cal Fire, the Palisades Fire has burned nearly 24,000 acres as of Sunday, while the Eaton Fire in northeast Los Angeles has scorched more than 14,000 acres.

More than 1,600 of the policies were reportedly for those living in Pacific Palisades. AFP via Getty Images
Last week, the Palisades Fire and the Eaton Fire sparked in Los Angeles. GC Images

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