State Farm executive fired over comments on premium hikes

State Farm executive fired over comments on premium hikes after California wildfires
A State Farm executive was fired over an undercover video of comments he made about the insurer's California rate hike request in the wake of the devastating Los Angeles area wildfires.
California insurance chief says he’s near ‘solution’ on State Farm rate hike
State Farm executives said at the meeting that it needs a 22% emergency rate hike in California to cover more than $7.9 billion in losses. Lara initially rejected the request, saying in a Friday, Feb. 14, letter to State Farm executives that he needed more information before he can approve an increase.
State Farm executive fired over comments about rate hikes
Haden Kirkpatrick, a top State Farm executive, said he was fired after being recorded in an undercover video making disparaging remarks about Pacific Palisades homeowners.
State Farm exec fired over jaw-dropping comments about LA wildfire rate hikes and victims in secret recording
A State Farm executive has been fired after he was secretly recorded alleging the insurance company hiked rates for California homeowners reeling from the LA wildfires.
State Farm executive fired after disparaging L.A. wildfires and victims
Haden Kirkpatrick said State Farm’s decision to pull out of California’s insurance market was a calculated move in response to state regulations and financial concerns.
California insurance commissioner meets with State Farm about emergency rate hike
California’s insurance commissioner met with representatives for State Farm Wednesday in Oakland to talk about why the ...
Insurance Business America1d
State Farm tells Lara that it "doesn't make sense" to issue new policies in California
With Lara expected to issue a decision on State Farm’s request imminently, homeowners, insurers, and policymakers are bracing ...
Santa Cruz Sentinel26d
California regulators reject — for now — State Farm’s emergency rate hike request
California insurance regulators ... more than $1 billion in losses in the blazes in Southern California. “The burden is on State Farm to show why this is needed now,” said Insurance ...
The Press Democrat15d
California to consider State Farm emergency rate increase request
Commissioner Ricardo Lara had asked for the meeting in which he and Consumer Watchdog will sit down with State Farm reps in Oakland.
KTVU3d
Secret video: State Farm exec appears to confess to manipulating California insurance rate hikes
An apparently secretly-recorded video shows a State Farm executive allegedly admitting that the company threatened to cancel policies in California in order to pressure state insurance ...
NPR Illinois10d
State Farm's financial results improve, as underwriting losses decline
State Farm's financial results improved in 2024, though the Bloomington-based company still posted an underwriting loss of ...
kcra.com27d
California Insurance Commissioner demands more answers from State Farm on proposed rate hike
AND MY MIND WENT BLANK FOR JENNIFER MCKIM HIBBARD, IT’S IMPOSSIBLE NOT TO FEEL DEEPLY FOR THE PEOPLE IMPACTED BY THE DEVASTATING FIRES BURNING IN SOUTHERN CALIFORNIA. IT JUST BRINGS BACK MEMORIES.
Press-Telegram13d
California reconsiders State Farm rate hike as insurer’s losses rise
State Farm’s financial solvency has grown so precarious following the Los Angeles fires that insurance regulators in California and Illinois have held “multiple conversations” about how the ...