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State Farm to offer renewals to policyholders

From JAB@21:1/5 to All on Thu Jan 16 10:12:44 2025

State Farm to offer renewals to policyholders affected by L.A. County
fires

State Farm said Wednesday that it will offer renewals to residential policyholders affected by the Los Angeles County fires that it had
previously planned to drop.

MyNote - Why of course...no more "fuel" for a future fire

"We are in the business of helping people recover, and that's exactly
what we're doing right now to those impacted by the fires. It's just
such a horrible tragedy," said Jon Farney, chief executive of State
Farm Mutual Automobile Insurance Co., parent of State Farm General,
its California subsidiary. https://www.latimes.com/business/story/2025-01-15/state-farm-palisades-fire-non-renewals-la-fires-eaton-insurance-cancellations-altadena

MyNote - State Farm is very agressive at dumping policies if they
believe a future risk exists. "State Farm cancelled 72,000 California
fire insurance policies in 2024 " https://www.centralillinoisproud.com/news/local-news/state-farm-cancelled-72000-california-homeowners-insurance-policies-in-2024/

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