NU Online News Service, June. 17, 11:51 a.m. EDT
State Farm has logged more than 400,000 home, business and automobile claims due to U.S. storms in April and May, and claims payments have doubled in less than three weeks.
The top writer of personal-lines insurance in the United States says it has paid close to $1.75 billion to policyholders in April and May and doled out more than $3.3 billion in claims payments this year to date, but the amount includes leftover payments on prior-year catastrophes.
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