Trump Blasts Insurers, Demands Lists for Wildfire Claims
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
President Trump intervenes in California wildfire insurance dispute, calling out insurers for slow claims processing. He urges EPA head Lee Zeldin to create lists of companies that have performed well and those that have not. State Farm, Californias largest home insurer, has handled over 13,700 claims and paid out $5.7 billion, with expectations to reach $7 billion. Local investigations into State Farm are ongoing, and victims groups seek federal agencies to examine alleged shady practices. Despite a 1945 law granting states regulatory power over insurance, Trumps move increases pressure on insurers to pay up and help rebuild California homes.
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