U.S. insurers continue to release information on 2011 weather-related losses, with State Farm saying it has paid policyholders $5 billion so far during the year.
The company says 2011 is "likely to be one of the company's busiest years on record for catastrophe losses."
The company notes that a "summer of wildfires, tropical storms and hurricanes followed a spring of relentless tornadoes and hailstorms," adding that State Farm agents and claims representatives have assisted policyholders on more than 970,000 catastrophe claims this year through Sept. 23.
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