State Farm confirmed Friday that it is pulling an ad that was going to run during next month's Super Bowl, as the company receives criticism for recently canceling California homeowners' insurance. “State Farm,
It's unclear how the Super Bowl will otherwise be impacted by the devastating wildfires still raging across Los Angeles
State Farm Stadium announced in a statement that they are pulling themselves out of the commercial lineup on FOX for Super Bowl 59. The big game will be held at the New Orleans Saints’ home venue, the Caesars Superdome, on Feb. 11. Here’s their statement, per Gabe Lacques of USA TODAY Sports:
California Insurance Commissioner Ricardo Lara discusses the complex insurance system as homeowners look to rebuild after LA's fires.
Insurance companies are expected to face significant losses due to the wildfires in Southern California, though a report by Wells Fargo expects those will be "manageable."
California’s Department of Insurance has worked to repair the broken insurance system, but the LA fires threaten to undo the progress the state has made.
Some of the biggest insurers in California had the highest number of national claim denials in 2023, according to Weiss Ratings.
State Farm has decided not to air an advertisement during Super Bowl LIX. The company says it's focusing on "providing support to the people of Los Angeles" affected by the wildfires.
State Farm has pulled its planned Super Bowl ad, citing the urgent need to support Californians amid the devastating wildfires. “Our focus is firmly on providing support to the people […] The post State Farm Cancels Super Bowl Ad to Focus on California Wildfire Relief Efforts appeared first on Baller Alert.
California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los Angeles fires and may require a bailout that could ultimately be paid by homeowners statewide.
Insurance agency State Farm has decided to cancel its plans for a Super Bowl ad to instead commit its time and money to the LA fires.