State Farm’s finances were a worry even before L.A. fires. Here’s what we know about its ability to pay claims going forward
Months before the Los Angeles wildfires sparked, State Farm’s California arm was already in trouble, it told state regulators. Its policyholder surplus — the cash it has on hand to pay out claims — had dropped from more than $4 billion in 2016 down to just $1.
State Farm scraps Super Bowl 2025 commercial as outrage mounts over LA fires
State Farm often runs commercials during NFL games, but the insurance company won’t have an ad presence during Super Bowl 2025 in the wake of the fires that have devastated the Los Angeles
State Farm offers homeowners in fire areas a chance to renew insurance policies.
State Farm, the largest homeowners insurance company in California, jolted residents last year by announcing it would not renew 30,000 policies. That included about 8,100 homeowners in communities ravaged by the current wildfires, state officials said.
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‘You Made It So Impossible’: Trump Halts Dem Rep On FEMA Defense, Calls Out Insurance Companies Fleeing State
President Donald Trump on Friday halted Democratic California Rep. Brad Sherman’s defense of using the Federal Emergency Management Agency (FEMA)
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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 ...
State Farm, California’s Largest Insurer, Cancels Planned Super Bowl Ad Citing L.A. Fires “Tragedy”
The Super Bowl commercial would have been the second consecutive spot from the insurance giant, after Arnold Schwarzenegger played 'Agent State Farm' in last year's game.
State Farm cancels planned Super Bowl ad citing Los Angeles area 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.
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, State Farm said.
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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 ...
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State Farm will offer policy renewals to LA homeowners affected by wildfires
LOS ANGELES - State Farm, one of the largest insurers in California, announced Wednesday 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.
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State Farm cancels 2025 Super Bowl ad, citing impact of Los Angeles fires
We will not be advertising during the game as originally planned," State Farm said in a statement to CBS MoneyWatch. The company, which serves more than 8 million customers in Southern California ...
Comedian Rob Schneider blasts insurance giant State Farm and all its ‘phony commercials’ for canceling policies in California amid LA area wildfires — but here's what he ...
F# K You ⁦@statefarm⁩ Screw You And All Your Phoney Commercials!! You Are A Pile Of Crap For Canceling Insurance Policies Of Californians! I Will Never Use @statefarm Insur