State Farm pays out nearly $500 million in California wildfire claims
State Farm has paid out nearly $500mn on California wildfire claims
As Trump Obsesses Over California Water, Farmers Look to Win Big
Welcome to Bloomberg’s California Edition—covering all the events shaping one of the world’s biggest economies and its global influence. Join us each week as we put a unique lens on the Golden State.
Sources told this publication that the mutual is facing a loss totalling around $7.91bn from the fires, and it is understood that State Farm benefits from around $2.5bn-$4bn of reinsurance cover specifically for Californian risks above an attachment point of $1.5bn.
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 ...
The iconic actor who plays “Jake from State Farm” has been attacked online after the insurance agency canceled policies just before the California wildfires. The Daily Mail reports that the actor has been targeted after State Farm cancelled fire insurance policies just months before the deadly fires.
A new strain of H5N9 bird flu was detected at a commercial duck operation in California's Merced County. All the ducks were euthanized.
Insurance giant State Farm has canceled a Super Bowl ad that was set to air during the big game in February — in part, it said, over the raging wildfires in California. “Our focus is firmly on ...
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.
The Golden State is counting on 25 gigawatts, or about 13% of its electricity, from offshore projects by 2045.
California sets record for health insurance enrollment as state residents take advantage of federal financial help.
What made the wildfires devastating was their path through the Palisades, where home values hover around $3.4 million and aging structures were tightly packed in a recognized high-risk fire zone.
As climate change complicates growing the region’s historically emblematic crops, like olives and lemons, Amata is seeing more farmers follow the same path. They are all “already starting to change from lemons to mangoes,” he said.
In summertime, cows wait under a canopy to be milked at Mark McAfee’s farm in Fresno, California. From his Cessna 210 Centurion propeller plane, the 63-year-old can view grazing lands
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback