Browsing: rate hikes

A State Farm executive was terminated following the release of an undercover video where he discussed the company’s attempts to increase insurance rates in California and criticized residents of fire-affected areas.

Recent legislation and new insurers are contributing to a slowdown in rate increases, according to Insurance Commissioner Tim Temple.

A State Farm executive was terminated following remarks about the company’s California rate hikes and disparaging comments about Pacific Palisades residents, as revealed in an undercover video.

Following recent wildfires, State Farm’s request for a significant premium increase is denied, leading to a potential confrontation.