Pacific Palisades was not considered low risk. According to the W$J, "The Fair Plan [the state's home insurer of last resort] has grown rapidly in some of the areas most affected by the latest fires. In Pacific Palisades, for example, its number of residential policies increased 85% to 1,430 in the 12 months through September, up from 773 a year earlier, according to the plan’s website. That is more than double the 40% increase for the state as a whole." (W$J, 1/10/2025, A4)
I'm waiting for another rich, Luigi-type from Pacific Palisades to shoot a "greedy" executive for cancelling a home insurance policy.