State Farm Pay $5B to Cover Weather Damages

State Farm Insurance has paid $5 billion to its customers for weather-related catastrophes � damage to cars, homes and other property so far this year � the largest U.S. insurer of homes and cars said Sunday.That payout has been increased by wildfires, tropical storms and hurricanes during the summer, which came after last spring�s spate of tornadoes and hail storms.
The company did not provide a comparable figure for the year-ago period.
Through Sept. 23, State Farm has receive more than 970,000 catastrophe claims, stretching from wildfires in western Texas to storm damage in Maine. The company�s catastrophe claims work is in addition to the 11 million to 12 million other auto, home and business claims reported to the company in a typical year.
Earlier this month, Allstate Corp said it had lost $500 million on Hurricane Irene, much less than the $2 billion it lost from severe thunderstorms and tornadoes during April and May.

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