State Farm says it will pay $7.6 billion for L.A. fires but reinsurance will slash losses
- Posted on February 26, 2025
- By Los Angeles Times
- 5 Views
State Farm says it will pay $7.6 billion for L.A. fires but reinsurance will slash losses
State Farm General, California's largest home insurer, estimates it will pay $7.6 billion to settle its Los Angeles fire claims but reinsurance will lower its losses to about $612 million, including its costs for bailing out the state's Fair Plan.
