The former deputy head of the state farm has been expelled by Haden KirkPatrick by the insurance giant this week after registering it during the Tinder in January, talking about the high company in response to California fires.
He was Record the secrecy Saying that California’s request to get a high price was a “type of” organizer “but not the way you think.”
“Our people look at this and say,-, it is perhaps 5 billion dollars, and we are short if something happens.” We will go to the Ministry of Insurance and say: “We have been excessively here [rates]. “Well, we will cancel these policies,” said Kirkpatrick.
He added that “there should not be homes built in the first place” in areas such as Pacific Palisades, given the danger of the fire, saying that the population wants “natural areas around them for the ego” but the region is a “desert”, so it dries, which is a box box. “
State Farm requested an increase of 22 % of homeowners’ insurance owners
State Farm General, the subsidiary and the California’s High Insurance Company, advanced a 22 % emergency rate for the policies of the home owner, citing forest fires and a decrease in 3.86 billion pounds ($ 5 billion) in the surplus account in the past decade. She claims that she paid 0.97 pounds ($ 1.26) for every 0.77 pounds ($ 1) in a premium collected and explained that she had more than 773.26 million pounds (one billion dollars) in a surplus to deal with another disaster.
A executive official told the Insurance Commissioner Ricardo Lara that if the prices are not approved, the company may be forced to “take action that we do not want to take.”
State Farm estimated that the 7th of January fires in California will cost about 5.87 billion pounds ($ 7.6 billion), and their net losses can approach 463.95 million pounds ($ 600 million) despite reinsurance. As of February 25, State Farm spent 1.35 billion pounds ($ 1.75 billion) for 9,500 claims.
Kirkpatrick claims that history was preparation
Los Angeles Times I mentioned Kirkpatrick, who worked in the innovation sector and investment capital of the insurance company, claims to have been expelled due to the registration, published by the Ociv Media Group.
The former vice president detailed that his statements were recorded during the history of Tinder in January. He believes that it was the preparation.
State Farm issued a statement in response to the video version, noting that “the individual in the video is no longer linked to the state farm” and that his assurances “are inaccurate and do not in any way represent the views of state Farm. They do not reflect our position regarding the victims of this tragedy, the commitment we have shown to the California people or our employment practices throughout the company.
“This person has never participated or has any responsibility for the work decisions related to the state of State Farm General or its operations in California, including anything related to our suspended rate applications or the temporary average emergency request.”
Meanwhile, the consumer group of the Da`wah group is based in Los Angeles Send a message As for Lara, the Commissioner urged the investigation of Kirkpatrick’s comments, which said, “She indicates that the state farm does not simply interact on financial risks, but it is used intentionally cancellation and threatening the future cancellation of pressure on the Ministry of Insurance to increase prices.”