California, State Farm

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.
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.
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 hikes in California and appearing to denigrate residents of the fire-devastated Pacific Palisades region of Los Angeles circulated online.
California reconsidering State Farm insurance rate hikes for homeowners after LA wildfires
State Farm once again wants to raise its rates by about 22% for California homeowners, which would affect about one million people.
State Farm fires exec who bragged about dumping Calif. homeowner’s policies, manipulating rate hikes
An undercover sting revealed a rare look at what State Farm executives think about raising California insurance rates and dumping homeowner's policies in the wake of January's wildfires in Los Angeles.
State Farm fires executive who talked rate hike on video
A State Farm executive has been fired after an undercover video of him discussing the company's request for insurance rate hikes in California and appearing to denigrate residents of the fire-devastated Pacific Palisades region of Los Angeles circulated online.
California insurance regulators urge State Farm to expand coverage in exchange for rate hikes
Earlier this month, State Farm — the state’s largest home insurance provider — asked the California Department of Insurance to approve statewide rate increases averaging 22% for homeowners. It also requested a 15% increase for renters and condo owners and a 33% hike for rental owners.
California insurance chief says he’s near ‘solution’ on State Farm rate hike
State Insurance Commissioner Ricardo Lara said that he expects to announce “a solution” to an emergency rate hike request from State Farm this week that could see the insurer shoulder a portion of the financial responsibility to cover losses from the historic Los Angeles County firestorms in early January.
Insurance Business America2d
Senior State Farm exec sacked after honey trap sting over California wildfires
Kirkpatrick, who joined State Farm in 2021 and had started his insurance career in 2015 with Esurance, told the LA Times that ...
Daily Breeze20h
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 ...
‘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 ...
ABC72d
State Farm exec fired after secret recording appears to show him discussing rate hikes
LOS ANGELES (KABC) -- A State Farm executive has been fired after apparently making comments about the insurance company's recent rate hikes following the devastating SoCal wildfires. In a ...
Digital Insurance6h
What is the cost and aftershock of the California fires for insurers?
Estimates for the financial toll of the blazes range from $30 billion to as high as $250 billion, as homeowners grapple with ...
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% ...
Insurance Business America3h
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 ...