State Farm blows through CA reinsurance cover with ~$8bn LA wildfire loss
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State Farm blows through CA reinsurance cover with ~$8bn LA wildfire loss

The carrier has around $2.5bn-$4bn of reinsurance cover specifically for California risk.

By Fiona Robertson Jai Singh Liz Bury Adam McNestrie Rachel Dalton
January 30, 2025
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Reinsurers are expecting a total loss on State Farm’s reinsurance programme as the nationwide carrier has racked up almost $8bn in Los Angeles wildfire losses, this publication can reveal.

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Topics

News Catastrophe losses California Wildfire Reinsurers Reinsurance Stocks
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