Amid spiking insurance rates, Farmers Insurance has been canceling property insurance policies in San Diego, CA communities due to wildfire risk.
The insurer recently dropped renewal for 115 condominiums in Scripps Ranch, citing their heightened wildfire risk. Over the past few weeks, Farmers had also canceled or dropped the renewal of policies for 338 condo units in Rancho Bernardo, 320 units in Tierrasanta, and 240 units in Mira Mesa, all for similar reasons. Altogether, the insurer canceled over 1,000 insurance policies in the region.
