State Farm says it will pay $7.6 billion for L.A. fires but reinsurance will slash losses
State Farm General, California's largest home insurer, estimates it will pay $7.6 billion to settle its Los Angeles fire ...
insurancebusinessmag3h
State Farm reveals financials amid California controversy
While continuing to be shrouded in controversy as it threatens to drop more policies if its California rate hike is rejected, ...
State Farm faces more than $600M in losses from LA wildfires
Insurer estimates $7.6 billion to settle its wildfire claims, mostly paid by reinsurance provided by its parent company.
NBC Los Angeles4d
State Farm estimates $7.6 billion in LA wildfire losses, continues seeking interim rate request
State Farm Insurance Group said this week that it has paid out $1.75 billion on approximately 9,500 claims filed as a result of the January wildfires in Los Angeles County.
Pasadena Star-News13d
State Farm’s rate hike shot down by California regulator
In the wake of last month’s Los Angeles fires, California Insurance Commissioner Ricardo Lara rejected State Farm’s ...
State Farm's CEO for California discusses financial turmoil in unprecedented transcript
State Farm has given Insurance Commissioner Ricardo Lara a stark choice: approve a rate increase consumer advocates say amounts to $600 per household, or run the risk that California’s largest insurer ...