Insurance Insider2d
State Farm blows through CA reinsurance cover with ~$8bn LA wildfire loss
Sources told this publication that the mutual is facing a loss totalling around $7.91bn from the fires, and it is understood ...
California wildfire backlash: State Farm, other insurers slammed for dropping coverage
The outbreak of deadly wildfires in Southern California has prompted criticism of insurers who have dropped coverage in the ...
State Farm expands renewal offers to all L.A. County policyholders slated to have been dropped
State Farm, California's largest home insurer, said Thursday it will offer renewals to all of its 250,000 L.A. County ...
CBS News12d
Thousands of Los Angeles homeowners were dropped by their insurers before the Palisades Fire
About 1,600 policies in Pacific Palisades were dropped by State Farm in July, California Department of Insurance spokesman Michael Soller said in an Thursday email to CBS MoneyWatch. An analysis ...
insurancebusinessmag4d
State Farm pays out nearly $500 million in California wildfire claims
State Farm said that it has paid out close to $500 million in claims following the wildfires that have ravaged the Los ...
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State Farm’s finances were a worry even before L.A. fires. Here’s what we know about its ability to pay claims going forward
State Farm, for its part, has given no indication that it’s worried about its ability to handle claims from the fires or is contemplating a further pullback from the California market. As of ...
25newsnow8d
State Farm deploying employees to process massive volume of California fire claims
As of Friday, State Farm said they received over 9,800 home and auto claims. The insurer said they have called or contacted ...
Insurance Insider4d
State Farm has paid out nearly $500mn on California wildfire claims
In a customer advisory, State Farm revealed that so far it has received over 10,100 total home and auto claims and has paid ...