Insurance Insider8m
State Farm blows through 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 fires show states’ ‘last resort’ insurance plans could be overwhelmed
California residents have switched to a state-backed “last resort” insurance plan that is now facing staggering loss ...
insurancebusinessmag2d
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 ...
CBS News10d
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 ...
Insurance Insider2d
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 ...
State Farm offers renewal options for policyholders impacted by LA wildfires
Since the wildfires broke out in early January, State Farm’s claims department has fielded over 7,400 home and auto claims, ...
Newsweek13d
Largest California Insurer Cancels Super Bowl Ad Over Wildfire 'Tragedy'
State Farm, the largest property insurer in California, has canceled its Super Bowl ad because it is focused on responding to the "tragedy" of the LA fires. The insurance giant revealed its ...