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State Farm General Insurance Company, the largest insurer in California, mishandled thousands of claims related to the 2025 Palisades and Eaton fires, the California Insurance Commissioner's office said Monday. The insurance company is accused of delaying, underpaying and burying thousands of claims. The state agency is seeking millions of dollars in penalties and a suspension of the company's license for up to a year. In response, State Farm released a statement condemning the state's allegatio
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Blackstone is one of the largest investment firms in the world. It manages more than $1.3 trillion for pension funds, governments, insurance companies, and wealthy investors. The firm invests in private equity, real estate, credit, infrastructure, and other private markets. Its real estate business owns or finances thousands of properties around the world. Blackstone also lends money to companies and invests in their debt. In private equity, it buys businesses and works to make them more valuabl
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