"Our number one priority right now is the safety of our customers, agents and employees impacted by the fires and assisting our customers in the midst of this tragedy," State Farm stated, highlighting their commitment to addressing the urgent needs arising from the natural disaster rather than focusing on advertising.
The insurance industry anticipates that the insured losses from the wildfires in California could range between $15 billion to $40 billion, with total economic losses from the disaster estimated to be between $150 billion and $275 billion, underlining the massive impact of these fires.
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