State Farm said that it has paid out close to $500 million in claims following the wildfires that have ravaged the Los Angeles region. As of Jan. 27, the company has processed a total of 10,100 claims for home and auto damage resulting from the fires.
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
State Farm is giving some California homeowners an option to renew coverage that previously had been cancelled.
Insurance company State Farm has canceled plans to air a spot during Super Bowl 59, citing the ongoing fires in Los Angeles as the company’s primary focus.
In a major U-turn, the company said it would renew policies in the badly-hit Pacific Palisades neighborhood, alongside thousands more in Los Angeles county ... year, State Farm gave California ...
Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.
Insurance giant State Farm has canceled a ... over the raging wildfires in California. “Our focus is firmly on providing support to the people of Los Angeles. We will not be advertising during ...
Sources told this publication that the mutual is facing a loss totalling around $7.91bn from the fires, and it is understood that State Farm benefits from around $2.5bn-$4bn of reinsurance cover specifically for Californian risks above an attachment point of $1.5bn.
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F# K You @statefarm Screw You And All Your Phoney Commercials!! You Are A Pile Of Crap For Canceling Insurance Policies Of Californians! I Will Never Use @statefarm Insur