State Farm faces more than $600M in losses from LA wildfires

State Farm General faces $612 million in losses from the wildfires that burned through thousands of homes in Los Angeles County last month. The state’s largest insurer, a unit of Illinois-based State Farm Mutual Automobile Insurance, estimated it will cost $7.6 billion to settle its wildfire claims, the Los Angeles Times reported. But reinsurance will […]This article originally appeared on The Real Deal. Click here to read the full story.