State Farm, California

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 VP fired after video released of him ‘kind of’ discussing orchestrated California rate hikes
A State Farm executive has been fired following the release of a recording where he said the company’s California rate hikes are “kind of” orchestrated, according to a Los Angeles Times story.
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.
Tinder Date Gone Wrong: State Farm Exec Fired After Saying Premium Hikes Following California Fires Were 'Kind Of' Orchestrated
State Farm General had filed for an 22% rate hike for its homeowner policies, citing the wildfires and a £3.86 billion drop in its surplus account in the past decade.
State Farm exec fired over jaw-dropping comments about LA wildfire victims in secret recording
A State Farm executive has been fired after he was secretly recorded alleging that the insurance company hiked rates for California homeowners reeling from the devastating Los Angeles wildfires. Haden Kirkpatrick,
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.
State Farm’s California Insurance Crisis Came After Rapid Growth
It grew into the state’s largest home insurer by writing policies with low premiums and inadequate reserves for the risks it ...
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 ...
LAist on MSN3d
Climate politics and insurance intertwine, giving California official a no-win choice on State Farm
For Insurance Commissioner Ricardo Lara, approving an emergency 22% rate hike request by State Farm would raise bills for ...
Politico9d
Ricardo Lara’s no-win on State Farm
WOULDN’T WANNA BE YA: Insurance Commissioner Ricardo ... California?” Lara asked at the meeting. “The short-term answer to that is ‘no,’” CFO Mark Schwamberger said. Of note: State ...
Insurance Business America13d
State Farm threatens to drop more policies if California's Lara rejects rate hike
State Farm executives made it clear that if the California Department of Insurance does not approve the increases, the ...
TechBullion1d
State Farm Requests Emergency 22% Rate Increase Following Los Angeles Fires
State Farm General, California’s leading home insurance provider, has formally requested an emergency rate hike averaging 22% ...