State Farm shares update on LA wildfire claims

In mid-January, State Farm provided an update on home and auto claims related to the LA wildfires, which resulted in 6,700 claims that were processed by the insurer.

The company is now providing another update – as of Monday (Jan. 27), State Farm received over 10,100 home and auto claims with payouts of almost $500 million. The insurer added that it made successful voice-to-voice contact with over 95% of customers who have filed homeowner claims.

State Farm is the largest insurer group in California and in LA County, it insures 250,000 homes and 880,000 automobiles. In total, the company has more than 8 million policies and accounts in the state.