State Farm confirms .45 billion claims payout after LA wildfires

State Farm confirms $2.45 billion claims payout after LA wildfires


Catastrophic events during the prior year had a substantial impact, with the company paying out approximately $11.4 billion in catastrophe-related claims during the year. For instance, in mid-July 2024, severe convective storms across several states resulted in about 14,000 claims filed with State Farm.



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