Policyholders were $1.4 billion less whole after the nationwide Wind/Hail rollout

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Policyholders were $1.4 billion less whole after the nationwide Wind/Hail rollout

To indemnify means to compensate someone for a loss. State Farm’s email reports a $1.4 billion decrease in indemnity after it scaled its one-county DFW Wind/Hail FME pilot nationwide—in ordinary English, policyholders were collectively $1.4 billion less compensated for wind-and-hail losses. The email calls the attached data “Enterprise wind/hail results,” calls the comparison “interesting,” and pairs it with a full-to-partial roof ratio that fell from 5.6-to-1 to 2-to-1.

• $1.4 billion
• enterprise wind-hail results
• indemnity

Source: Released court-filed record · filed PDF pages 43. The source page is preserved; Friedman & Associates’ attribution sits outside it.