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 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 Commissioner meets with State Farm regarding rate hike request
California Insurance Commissioner Ricardo Lara, representatives from State Farm General and Consumer Watchdog, a consumer advocacy group, met in person on Wednesday to discuss the insurance company’s recent price hike request.
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.
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 ...
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 ...
NBC Los Angeles on MSN12d
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 ...
Insurance Insider4h
Interveners can no longer hold rates hostage: CA Commissioner Lara
In August 2024, Lara granted Consumer Watchdog eligibility to seek compensation but only for two years, saying the ...
LAist2d
State Farm rate hike
Insurance Commissioner Ricardo Lara is weighing an emergency 22% rate hike request by State Farm, the state’s largest insurer, following the Los Angeles fires. After first hitting pause on ...