State Farm, California wildfires

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.
State Farm exec fired over jaw-dropping comments about LA wildfire rate hikes, 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 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.
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’s CEO for California discusses financial turmoil in unprecedented transcript
State Farm has given Insurance Commissioner Ricardo Lara a stark choice: approve a rate increase consumer advocates say amount to $600 per household, or run the risk that California’s largest insurer may drop even more policies across the state.
Secret video: State Farm exec appears to confess to manipulating California insurance rate hikes
The video appears to have been recorded sometime after the Southern California wildfires, and references the Palisades Fire in particular.
Insurance Business America4h
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 MSN2d
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 ...
TechBullion5h
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% ...
State Farm fires executive who discussed prospect of more California nonrenewals in undercover video
A State Farm executive has been fired after an undercover video of him discussing the company’s request for insurance rate ...
‘They’re being so stingy with everything.’ State Farm criticized for claims response
State Farm, the largest home insurer in California, continues to seek approval of a 22% emergency rate hike even as it faces ...
NBC Los Angeles on MSN13d
State Farm estimates $7.6 billion in LA wildfire losses, continues seeking interim rate request
State Farm Insurance Group said this week that it has paid out $1.75 billion on approximately 9,500 claims filed as a result ...
Politico7d
Ricardo Lara’s no-win on State Farm
WOULDN’T WANNA BE YA: Insurance Commissioner Ricardo Lara is about to have to bite the bullet. After first hitting pause on an emergency 22 percent rate hike request by State Farm, the state ...