State Farm says LA wildfire losses total $7.6 billion

State Farm General, one of the largest insurers in the United States, estimates that it will pay about $7.6 billion to its customers affected by the Los Angeles fires. It is the first company to offer a figure that helps size the disaster caused at the beginning of the year by the Eaton and Palisades fires, which left 28 deaths and wiped out 16,200 buildings in the Pacific Palisades and Altadena communities. State Farm estimates that its final e…

State Farm says LA wildfire losses total $7.6 billion

State Farm General said it will pay $7.6 billion to settle claims from last month's firestorms in the Los Angeles area.

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 claims but reinsurance will lower its losses to about $612 million, including its costs for bailing out the state's Fair Plan.

Ric Grenell Demands Meeting with State Farm CEO over California Fires

Ambassador Ric Grenell asked for a meeting with State Farm CEO over the insurance company's conduct in the L.A. fires.

State Farm pegs LA wildfire loss at $7.6bn, with $212m retained after reinsurance - Artemis.bm

US primary insurance giant State Farm has said that its direct losses from the Los Angeles, California wildfires are currently estimated at $7.6 billion,