State Farm, Super Bowl and Los Angeles
Insurance giant State Farm has canceled a Super Bowl ad that was set to air during the big game in February, in part, it said, over the raging wildfires in California.
State Farm often runs commercials during NFL games, but the insurance company won’t have an ad presence during Super Bowl 2025 in the wake of the fires that have devastated the Los Angeles
California Insurance Commissioner Ricardo Lara discusses the complex insurance system as homeowners look to rebuild after LA's fires.
Some of the biggest insurers in California had the highest number of national claim denials in 2023, according to Weiss Ratings.
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'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.
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.
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."
State Farm is canceling a planned commercial by the insurance giant set to run during the 2025 Super Bowl next month, citing the impact of the Los Angeles area wildfires .
The insurance company canceled thousands of California homeowners' insurance policies last year in an attempt to avoid "financial failure."
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.