State Farm General Insurance Co. and Citizens Property Insurance Corp. are bracing for the insurance industry’s largest losses from damage caused by Hurricane Helene, which is quickly becoming one of the costliest storms in U.S. history.
State Farm was the leading provider of home and car insurance in Georgia and South Carolina at the end of 2023, according to the most recent data from AM Best, and has significant exposure in Florida and North Carolina. The Illinois-based firm said on Sept. 30 that it had received more than 50,000 auto and homeowner claims related to