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business6h ago
State Farm in crisis mode as watchdog threatens biggest ever penalty over wildfires
Nypost.com and 9 more
- Insurance Commissioner Lara said State Farm violated the law hundreds of times in wildfire claim handling.
- The department seeks millions in penalties and could suspend new State Farm policies for a year if willfulness is proved.
- State Farm defends its practices, saying California's market is dysfunctional and billions have been paid for wildfire losses.
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