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Los Angeles Times

Los Angeles Times

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Business & Economics

Farmers announces initial $600-million loss for Los Angeles fires

Los Angeles Times
Summary
Nutrition label

90% Informative

Farmers Insurance says it expects to lose at least $600 million from the Los Angeles fires.

The figure includes payments from its reinsurance program but not an assessment from FAIR Plan .

State Farm , the largest home insurer in California , has not announced its losses.

The blazes are expected to be the most costly wildfires in the nation's history.

VR Score

92

Informative language

92

Neutral language

75

Article tone

formal

Language

English

Language complexity

67

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

12

https://www.latimes.com/business/story/2025-02-19/farmers-announces-preliminary-600-million-loss-for-los-angeles-fireshttps://newsroom.mercuryinsurance.com/2025-02-11-Mercury-General-Corporation-Announces-Fourth-Quarter-and-Fiscal-2024-Results-and-Declares-Quarterly-Dividendhttps://www.latimes.com/business/story/2025-02-06/allstate-expects-1-1-billion-of-losses-from-los-angeles-fireshttps://www.corelogic.com/press-releases/corelogic-estimates-the-eaton-and-palisades-fires-are-causing-devastating-initial-property-losses-estimated-to-be-between-35-billion-to-45-billion/https://newsroom.farmers.com/2024-12-11-Recognizing-an-Improved-Insurance-Marketplace-in-California,-Farmers-Insurance-R-to-Expand-Its-Coverage-Options-in-the-Statehttps://www.latimes.com/business/story/2025-02-14/insurance-commissioner-rejects-state-farms-request-for-22-emergency-rate-hike?utm_source=yahoo&utm_medium=promo_module&utm_campaign=rss_feedhttps://investor.travelers.com/newsroom/press-releases/news-details/2025/Travelers-Announces-Preliminary-Catastrophe-Loss-Estimate-for-January-2025-California-Wildfires/default.aspxhttps://www.latimes.com/business/story/2025-02-14/insurance-commissioner-rejects-state-farms-request-for-22-emergency-rate-hikehttps://www.latimes.com/business/story/2025-02-18/californias-insurance-commissioner-ricardo-lara-on-the-hot-seat-after-l-a-fires?utm_source=yahoo&utm_medium=promo_module&utm_campaign=rss_feedhttps://www.latimes.com/newsletters/sign-up-for-wide-shot?utm_source=yahoo&utm_medium=newsletter_module&utm_campaign=wide-shot-generalhttps://newsroom.farmers.com/news-releases?item=123241https://www.latimes.com/business/story/2025-01-29/chubb-reports-los-angeles-fire-losses-will-hit-1-5-billion

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