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 ...
insurancebusinessmag10h
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.
Los Angeles Times28d
State Farm seeks emergency rate increase averaging 22% after L.A. fires
State Farm General, California’s largest home insurer, asked state officials for an emergency rate hike averaging 22% Monday, saying the Los Angeles County fires have put the company in dire ...
Pasadena Star-News14d
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 “emergency” premium increase of 22% on average for California homeowners, ...
NBC Los Angeles on MSN4d
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 ...
Artemis5d
State Farm pegs LA wildfire loss at $7.6bn, with $212m retained after reinsurance
US primary insurance giant State Farm has said that its direct losses from the Los Angeles, California wildfires are ...
Price controls on California home insurance scrutinized after Los Angeles fires
Depending on the Californian talking, price controls are the angel or the devil in the debate about the Golden State’s ...