Although the cause of the fires is unknown, weather forecasters claim that high winds, severe drought conditions and low humidity have made the fires exceptionally destructive. D
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
State Farm will reverse its cancellation of home and commercial protection policies in 22 Los Angeles counties amid the catastrophe caused by the wildfires.
About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.
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.
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.
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.
The Los Angeles Rams took the time to thank the Arizona Cardinals and Phoenix area for their hospitality over the past week.
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.
As California faces a future of more frequent and severe firestorms, the current fires have made clear that private companies are one way insurers and homeowners will respond to that threat.
Californians already are struggling to stay affordably and adequately insured in the face of a nonrenewal and availability crisis.