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State Farm confirms a $7.6 billion price tag for LA wildfires in letter to insurance commissioner
By Joe ToppeCalifornia's largest home insurer says it has already paid $1.75 billion on roughly 9,500 claims.
Reinsurance is pivotal to keeping insurers going in the wake of such as major insurable disasters as hurricanes and wildfires. This is where insurance professionals will find the information they need about the state of the insurance industry, managing risks, and how to navigate the most impactful events of our time.
California's largest home insurer says it has already paid $1.75 billion on roughly 9,500 claims.