INSURANCE CLAIMS REGULATION

May 05 2026BUSINESS

State Farm Faces Big Penalties Over LA Wildfire Claims

California regulators say State Farm mishandled claims from the January 2025 Los Angeles wildfires. The department is seeking up to $4 million in fines if the company is found guilty of willful violations. State Farm denies any wrongdoing and says it has already paid $5. 7 billion in wildfire claims

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