State Farm, one of the largest insurers in California, announced Wednesday that it will offer policy renewals to homeowners impacted by the wildfires that erupted in the Los Angeles area last week, following previous plans to drop coverage.
State Farm, California's largest home insurer, said Thursday it will offer renewals to all of its 250,000 L.A. County residential policyholders slated to have been dropped, not just those in fire rava
Following its announcement that it would pause non-renewals for policyholders to ensure coverage for Los Angeles County residents impacted by wildfires, State Farm on Thursday, Jan. 16, reported receiving 7,850 home and auto claims with numbers expected to rise as damages are assessed.
Since the wildfires broke out in early January, State Farm’s claims department has fielded over 7,400 home and auto claims, State Farm said.
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los Angeles fires and may require a bailout that could ultimately be paid by homeowners statewide.
State Farm has decided not to air an advertisement during Super Bowl LIX. The company says it's focusing on "providing support to the people of Los Angeles" affected by the wildfires.
State Farm said it was backing out of its plan to air an ad during the upcoming Super Bowl due to the wildfires in Southern California.
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.
State Farm announced it will offer policy renewals to homeowners impacted by the wildfires that erupted in the Los Angeles area last week, following previous plans to drop coverage.
State Farm is giving some California homeowners an option to renew coverage that previously had been cancelled.
State Farm, long a stalwart of Super Bowl advertising, announced it was pulling an ad from next month's big game.