The Brief
- State Farm will offer policy renewals to homeowners impacted by the California wildfires.
- The company announced last year it would discontinue coverage for more than 72,000 homes and apartments in California.
- State Farm announced it has received more than 7,400 home and auto claims related to the fires.
LOS ANGELES – State Farm, one of the largest insurers in California, announced Wednesday it will offer policy renewals to homeowners impacted by the wildfires that erupted in the Los Angeles area last week, following previous plans to drop coverage.
“We have paused the notification process on homeowner non-renewals in the areas affected by the fires,” according to a statement on the insurer’s website. “Homeowner policies impacted by the fires that were on the books on Jan. 7 will have an option to renew with State Farm for another policy term.”
According to the insurer, as of Wednesday morning, State Farm had received more than 7,400 home and auto insurance claims tied to the fires, and “these numbers will rise as residents return and assess damage.”…