State Farm exec fired over comments on premium hikes

Insurance giant executive National farm This week was fired after he registered about hidden videos, which comment on the premiums of the insurer in response to Southern California fires.

Haden Kirkold, who worked as the Vice President of the President of the State Farm, was refrained from the video published by O’KEEFE Media Group. Is Los Angeles Times He said he claimed that he had been fired with a recording.

“Our people look at it and say: — We have reached $ 5 billion that we are short if something happens. ” We will go to the insurance department and say: “We’re overlooking here, you have to let us [rates]. ‘… He will say Nah. And we will say. “Well, we are going to cancel that policy,” said Kirkrik.

He also said: “There should never be houses in countries like Pacific Palisades, which are built first.”

At the State Farm California asks that after the fire fire confirms the increase in interest rates

The State Farm executive removed the comments that he made on the increase of the exchange rate on hidden recording. (Axelle / Bauer-Griffin / GC images / Getty images)

Kirkperitaria expressed his timely out of work to remove the company for remarks that he explained that he had been registered in January, but he refused to comment on the outcome.

The State Farm told Fox Business:

“How did we publicly share his comments?” These claims are inaccurate, and they do not present the views of the state farm in any way.

Americans’ insurance rates increase, and lawsuits play a significant role

The state economy says that its estimated losses from fires will be about $ 7.6 billion. (Frederic J. Brown / AFP Via / Getty Images)

At the beginning of February, the State Farm was in Armenia to increase emergency, which is 22% on average. California homeowners Control Police, saying that it has paid more than $ 1 billion for customers and “will finally be paid more, because these fires will be the most expensive disasters.”

The insurance company noted that in the last nine years, the state farm has paid $ 1,26 for each $ 1, which has collected more than $ 5 billion in accumulative losses. It assessed that his immediate losses Los Angeles Area Fires They make about $ 7.6 billion, including reported and non-reported requirements, and have been paid $ 1.75 billion since February 25.

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California Commissioner for Insurance Ricardo Lara met February 26, from the beginning, recking the request for interest rates to explain what actions taken to improve its financial situation.

After the meeting, the State Farm “used to reaffirm the Commissioner Lara, it is necessary to urgently confirm the government’s total exchange rate in order to help California customers.”