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.
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.
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.
State Farm asks California to raise homeowner insurance rates by 22%
State Farm wants to raise its rates by about 22% for California homeowners, which would affect about one million people.
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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 ...
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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 ...
TechBullion4h
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% ...
‘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 ...
California almond growers grapple with uncertainty as new tariffs could hit exports
With more than three-quarters of California’s almond crop headed for export, tariffs could impact where the nut is headed and ...
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 ...
California farm groups look to stabilize workforce amid crackdown on illegal immigration
As the Trump administration cracks down on illegal immigration, California farm groups are working behind the scenes to ...
Autobody News2d
State Farm Narrows Underwriting Losses in 2024, Auto Insurance Drives Recovery
The insurance giant's auto insurance losses dropped by $7 billion compared to 2023, though the sector still ended in the red.