Sources told this publication that the mutual is facing a loss totalling around $7.91bn from the fires, and it is understood that State Farm benefits from around $2.5bn-$4bn of reinsurance cover specifically for Californian risks above an attachment point of $1.5bn.

State Farm said that it has paid out close to $500 million in claims following the wildfires that have ravaged the Los Angeles region. As of Jan. 27, the company has processed a total of 10,100 claims for home and auto damage resulting from the fires.

About 1,600 policies in Pacific Palisades were dropped by State Farm in July, California Department of Insurance spokesman Michael Soller said in an Thursday email to CBS MoneyWatch. An analysis ...

In a customer advisory, State Farm revealed that so far it has received over 10,100 total home and auto claims and has paid out almost half a billion dollars to claimants. In the notice, posted on its web site, State Farm said it had made successful voice-to-voice contact with over 95% of customers who have filed homeowner claims.

Insurance giant State Farm has canceled a Super Bowl ad that was set to air during the big game in February — in part, it said, over the raging wildfires in California. “Our focus is firmly on ...

The iconic actor who plays “Jake from State Farm” has been attacked online after the insurance agency canceled policies just before the California wildfires. The Daily Mail reports that the actor has been targeted after State Farm cancelled fire insurance policies just months before the deadly fires.

The H5N9 strain of avian influenza is much more rare than the H5N1 which has been responsible for most of the reported human cases and the first human death.

A new strain of H5N9 bird flu was detected at a commercial duck operation in California's Merced County. All the ducks were euthanized.

US officials are investigating the appearance of a strain of bird flu identified in the US for the first time, a worrying sign that the virus is evolving in ways that could make it harder to

The Golden State is counting on 25 gigawatts, or about 13% of its electricity, from offshore projects by 2045.

The government is investigating a rare strain of avian flu, H5N9, detected on a duck farm in central California, according to the World Organisation for Animal Health. It marks the first reported outbreak of this strain in U.S. poultry.

California paid $83.1 billion more in federal taxes than it received from the federal government — more than any other state — in 2022. When the state’s population is considered, California paid $2,129 more per capita in federal taxes than it received — which is more than all but three other states.