Tyler Perry slams ‘sheer greed’ of insurance companies amid Los Angeles wildfires

Tyler Perry criticized insurance companies for making policy changes ahead of the wildfires that devastated the greater Los Angeles area.

“Watching my daughter use a garden hose to try to protect her 90-year-old parents’ home because their insurance was canceled was just heartbreaking for me,” Perry wrote via Instagram on Sunday, January 12.

“Does anyone else think it’s appalling that insurance companies can take billions of dollars from communities for years, and then suddenly they’re allowed to cancel millions of policies on the very people they made their fortunes off?” – continued the director. “People who have paid dues all their lives are left with nothing because of sheer greed.”

He concluded, “As I’m in the process of trying to figure out what steps to take to do everything I can to help as many people as possible, I’m keeping everyone in my prayers.”

On the subject: Celebrities share personal photos of the terrible wildfires in Los Angeles

As the wildfires continue to spread through the Los Angeles area, several celebrities are taking to social media to share how they’ve been affected. “Evacuated and safe with children, dogs and cats. Praying and thankful for the first responders,” Mandy Moore wrote on Wednesday, Jan. 8, in an Instagram Story statement. In the following message, she (…)

According to Los Angeles TimesState Farm General, California’s largest home insurance company, announced in March 2024 that it would not renew 30,000 home and condominium policies when they expire — 1,600 of which are in Pacific Palisade.

According to Timesinsurance company Chubb stopped writing new policies for high-value homes designed for high wildfire risk, while Allstate also stopped writing new policies.

Tens of thousands of people have been displaced by wildfires that began a path of destruction in Los Angeles early Tuesday, Jan. 7, as strong winds fanned brush fires across the Pacific Palisades. The fires have since spread to surrounding areas, including Malibu and the Hollywood Hills.

According to local authorities, the death toll has reached at least 16 and is expected to rise as search and rescue efforts continue. NBC News reports that the fire has consumed 37,000 acres and destroyed more than 12,000 structures.

On the subject: Which stars were affected by the fires in Los Angeles?

Los Angeles has been hit with a terrible natural weather event – and it has had a profound effect on its star community. An extreme storm fueled by Santa Ana gusts sparked fast-burning brush fires around 10 a.m. Tuesday, Jan. 7, as drivers on Sunset Boulevard and Palisades Drive left their cars for safety, according to (…)

More than 150,000 people have been placed under mandatory evacuation orders, including stars such as Mark Hamill, Jenny Garth and Mandy Moore. A number of celebrities, however, were not lucky, as their houses were completely destroyed by fires, including Paris HiltonAnna Faris, Heidi Montag and Spencer PrattBilly Crystal, Mel Gibson and Milo Ventimiglia.

According to AccuWeatherwildfires could be the costliest in US history, with total economic losses currently estimated at $135-150 billion as of Thursday, January 9.

Check it out LAFD website for local forest fire alerts and click here for resources about how to help victims.