By <a id="author" class="author" href="/us/authors/josh-recamara/">Josh Recamara</a> <br>Despite temporarily pulling out of 72,000 homeowners’ policies in the state last year, <a href="/us/companies/state-farm/67041/">State Farm</a> reports that it has received more than 6,700 claims related to wind-driven wildfires that have affected parts of Los Angeles.<br>The insurance company insures about 250,000 homes and 880,000 automobiles in Los Angeles County, which has an estimated population of 9.66 million, Best Wire reported, citing company spokesperson Michal Brower.<br>“State Farm is responding to deliver on our longstanding mission to help people recover from the unexpected,” said Brower.<br>The insurance company did not provide a breakdown of the claims by line or by cause of severity of the losses. The fires intensified amid strong Santa Ana winds, which also caused property damage, according to officials.<br>The Palisades and Eaton fires, which have been among the most destructive, have been burning since Jan. 7.<br>As of Jan. 12, <a href="/us/companies/aon/219421/">Aon</a> estimated that insured property losses from these fires could range from $22 billion to $30 billion. Of this, $15 billion to $20 billion is attributed to the Palisades fire, with $7 billion to $10 billion to the Eaton fire.<br>The company has deployed on-site catastrophe teams and local agents, while remote claims specialists are conducting virtual meetings and inspections.<br>In 2024, State Farm filed a request with the California Department of Insurance to non-renew more than 61% of policies in three Los Angeles County ZIP codes that have median home values of $1 million, including Pacific Palisades, where 69.4% of the policies were set to be non-renewed.<br>State Farm’s decision, which affected thousands of residents, was part of a broader strategy made in the first half of 2023 and 2024 to reduce its exposure in California. The company later reversed its plan to fully drop 72,000 homeowners, apartment and business policies, but affected policyholders were required to secure fire coverage from the California FAIR Plan, the state’s insurer of last resort.<br>In October, State Farm stated that its non-renewals through its subsidiary, State Farm General, represented less than 2% of its California business. The company continues to cover more than one million homeowners in the state, covering billions of dollars in risk in high-risk areas.<br>The California Department of Insurance (CDI) has implemented reforms related to wildfire models and reinsurance costs. It also warned about potential fraud and illegal activities targeting wildfire survivors and announced a series of workshops for affected policyholders.<br>On Jan. 13, California Insurance Commissioner Ricardo Lara declared an emergency situation requiring strict oversight of out-of-state, non-licensed adjusters settling wildfire claims in Los Angeles and Ventura counties. The declaration mandates that non-licensed adjusters be supervised by a licensed California adjuster, qualified manager or insurer. <style type="text/css">.main_content .h1,.main_content h1{font-size:32px}.main_content .h2,.main_content h2{font-size:24px}.main_content .h3,.main_content h3{font-size:18px}.main_content .h4,.main_content h4{font-size:16px} </style> <br><br><a href="https://news.google.com/rss/articles/CBMirgFBVV95cUxNcGNCVHJlWHY3aFhCd1FMZ08tM0hLT2J1YUFpeWdqS1lmWi1tUVd4b2Vwb3l0dXJIRUR5WmE1a0tSMTZ6YlJJSjAyMUJJY2xYeEkwV2tzd3NwbVJvbUtNX3R3VVRNWS1jV1JZcmdST3BmY2FqWkpIYndkU2ZOT0xNVjZZV1lRa0toeXZRdVNtVk5FMXBhTkJRYk1INVY4dXlwMlgzTWlkYVdrdWpwcVE?oc=5">source</a>
