State Farm Cancels Super Bowl Ad Plans
The Super Bowl commercial would have been the second consecutive spot from the insurance giant, after Arnold Schwarzenegger played 'Agent State Farm' in last year's game.
State Farm Stadium announced in a statement that they are pulling themselves out of the commercial lineup on FOX for Super Bowl 59. The big game will be held at the New Orleans Saints’ home venue, the Caesars Superdome, on Feb. 11. Here’s their statement, per Gabe Lacques of USA TODAY Sports:
Some of the biggest insurers in California had the highest number of national claim denials in 2023, according to Weiss Ratings.
The insurance company canceled thousands of California homeowners' insurance policies last year in an attempt to avoid "financial failure."
Insurance companies are expected to face significant losses due to the wildfires in Southern California, though a report by Wells Fargo expects those will be "manageable."
California’s Department of Insurance has worked to repair the broken insurance system, but the LA fires threaten to undo the progress the state has made.
California's Fair Plan, the state's insurer of last resort, may be unable to pay billions in claims arising from the Los Angeles fires and may require a bailout that could ultimately be paid by homeowners statewide.
Multiple lawsuits have been filed against Southern California Edison this week by residents and business owners with destroyed property.
State Farm has pulled its planned Super Bowl ad, citing the urgent need to support Californians amid the devastating wildfires. “Our focus is firmly on providing support to the people […] The post State Farm Cancels Super Bowl Ad to Focus on California Wildfire Relief Efforts appeared first on Baller Alert.
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