State Farm, California's largest home insurer, said Thursday it will offer renewals to all of its 250,000 L.A. County residential policyholders slated to have been dropped, not just those in fire rava

State Farm, one of the largest insurers in California, announced Wednesday that it will offer policy renewals to homeowners impacted by the wildfires that erupted in the Los Angeles area last week, following previous plans to drop coverage.

Months before the Los Angeles wildfires sparked, State Farm’s California arm was already in trouble, it told state regulators. Its policyholder surplus — the cash it has on hand to pay out claims — had dropped from more than $4 billion in 2016 down to just $1.

Since the wildfires broke out in early January, State Farm’s claims department has fielded over 7,400 home and auto claims, State Farm said.

About 1,600 policies for Pacific Palisades homeowners were dropped by State Farm in July, the state insurance office says.

State Farm announced it will offer policy renewals to homeowners impacted by the wildfires that erupted in the Los Angeles area last week, following previous plans to drop coverage.

Insurance company State Farm has canceled plans to air a spot during Super Bowl 59, citing the ongoing fires in Los Angeles as the company’s primary focus.

State Farm is giving some California homeowners an option to renew coverage that previously had been cancelled.

Gov. Gavin Newsom announced that 270 state-chartered banks, credit unions, and others will provide mortgage relief for property owners affected by the Los Angeles wildfires.

State Farm said it was backing out of its plan to air an ad during the upcoming Super Bowl due to the wildfires in Southern California.

State Farm, long a stalwart of Super Bowl advertising, announced it was pulling an ad from next month's big game.

Insurance providers could charge policyholders a “supplemental fee” if the state’s insurer of last resort runs out of money.