zabadoh@ani.social to California@lemmy.world · 14 days agoLos Angeles fire survivor is told State Farm’s $900K check on hold due to insufficient fundscalmatters.orgexternal-linkmessage-square25linkfedilinkarrow-up1212arrow-down11
arrow-up1211arrow-down1external-linkLos Angeles fire survivor is told State Farm’s $900K check on hold due to insufficient fundscalmatters.orgzabadoh@ani.social to California@lemmy.world · 14 days agomessage-square25linkfedilink
minus-squaretal@lemmy.todaylinkfedilinkEnglisharrow-up54·14 days agoI strongly suspect that this is some kind of internal fuckup, not State Farm being insolvent.
minus-squareFiveMacs@lemmy.calinkfedilinkarrow-up28arrow-down3·14 days agoprobably just waiting so they can get some interest before releasing the funds first.
minus-squareMamdani_Da_Savior@lemmy.worldlinkfedilinkarrow-up12·14 days agoAs someone that works in corporate America that would take too much common sense to execute on, its likely incompetence.
minus-squareBurninator05@lemmy.worldlinkfedilinkEnglisharrow-up7·14 days agoI thought that the company that had the fire insurance in Cali wasn’t State Farm proper. It is a spin off specifically for home insurance there. I could also be wildly wrong.
minus-squareMintyFresh@lemmy.worldlinkfedilinkarrow-up9·14 days agoI’m sure the national state farm corporation spun off shell companies to reduce liability in these high risk areas.
I strongly suspect that this is some kind of internal fuckup, not State Farm being insolvent.
probably just waiting so they can get some interest before releasing the funds first.
As someone that works in corporate America that would take too much common sense to execute on, its likely incompetence.
I thought that the company that had the fire insurance in Cali wasn’t State Farm proper. It is a spin off specifically for home insurance there. I could also be wildly wrong.
I’m sure the national state farm corporation spun off shell companies to reduce liability in these high risk areas.