California penalizes State Farm over its handling of insurance claims after Los Angeles wildfires
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California is taking action against State Farm over its handling of insurance claims related to the Los Angeles wildfires. The state is seeking penalties, potentially in the millions, for alleged violations of law, including delaying and underpaying claims. The extent of the penalties and the outcome of the case are unclear, with some reports indicating the state is seeking to revoke State Farm's license.
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