Tyler Perry blasts insurance companies for mass policy cancellations ahead of LA wildfires: ‘Pure greed’ | Hollywood

Tyler Perry calls out ‘greedy’ insurance companies

In a heartfelt Instagram post, Perry shared the story of a woman desperately using a garden hose to protect her elderly parents’ home after losing insurance coverage, describing the actions of insurers as “pure greed.”

Also read: Game Changer box office collection day 3: Ram Charan-Shankar film crosses Indian 2 lifetime, mints over ₹88 crore

Xem thêm : Security First, Amelia Underwriters Offering New Products in Warming Florida Market

“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,” he wrote.

Perry expressed outrage over insurance companies profiting from communities for years, only to cancel policies when people need them most, “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 vowed to explore ways to help those affected while keeping them in his prayers. “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.”’

Also read: California fire: 16 dead, 16 missing as search operations continue amid historic blaze

Xem thêm : Porch Group Completes $105M Insurance Exchange Formation, Aims for Higher Margins

According to the LA Times, insurance companies like State Farm, Chubb, and Allstate have stopped renewing or issuing policies for high-value properties in fire-prone areas, leaving many California residents vulnerable during the devastating wildfires.

California wildfire update

The Palisades Fire, one of the most devastating among the five, has burned nearly 24,000 acres, while the Eaton Fire scorched over 14,000 acres, forcing over 100,000 people to evacuate.

Los Angeles County remains under a red flag warning until Wednesday evening due to strong winds, dry vegetation, and low humidity, increasing wildfire risks, according to NWS meteorologist Rich Thompson.

Celebrities like Paris Hilton and Miles Teller lost their homes, while others, including Prince Harry, Meghan Markle, and Angelina Jolie, are stepping in to help. Fire crews are actively patrolling areas like Malibu and Pacific Palisades to protect surviving homes, while aerial firefighting efforts continue despite earlier concerns about gusting winds.