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A State Farm Insurance sign on a destroyed building during the Eaton Fire in Altadena, California, US, on Wednesday, Jan. 8, 2025. (Michael Nigro—Bloomberg)
Cedric Richmond called out State Farm and its leadership for refusing to do what other insurance companies are doing for victims of Hurricane Ida.
State Farm said it has received more than 7,850 home and auto claims linked to the California fires and to date has paid out a total of roughly $50 million to customers. "These numbers will ...
State Farm is the largest property and casualty insurance provider, and the largest auto insurance provider, in the United States. [5] State Farm is ranked 39th in the 2024 Fortune 500, which lists American companies by revenue. [6] State Farm relies on exclusive agents (also known as captive agents) to sell insurance.
From January 7 to 31, 2025, a series of 17 destructive wildfires affected the Los Angeles metropolitan area and San Diego County in California, United States. [5]The fires were exacerbated by drought conditions, low humidity, a buildup of vegetation from the previous winter, and hurricane-force Santa Ana winds, which in some places reached 100 miles per hour (160 km/h; 45 m/s).
In 2024, State Farm cut policies in the Santa Monica Mountains, resulting in 70% of customers in Pacific Palisades – about 1,600 homeowners – losing coverage, according to the New York Times.
State Farm has lodged a case in the U.S. Supreme Court, 'State Farm Fire & Casualty Co. v. United States ex rel. Rigsby, to be heard in the term which commences in October 2016. State Farm is arguing that the attorneys for the Rigsbys violated a part of the False Claims Act, that is they released documents which were under the 60 day seal rule.
Hurricane, tropical storm watches are in effect for parts of Florida as Tropical Storm Helene could hit state as major Categoy 3 hurricane.