INSURANCE
From Times Staff and Wire Reports
State Farm Quake Estimate Now $2.53 Billion: State Farm Mutual Automobile Insurance Co. said the figure is its final estimate of its payout from the Northridge earthquake and covers nearly 114,000 claims. Insurance companies have repeatedly revised their claims estimates from the Jan. 17 quake. State Farm said its payout for customers’ losses will be $2.28 billion and that its claims-handling expenses will be $250 million.
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