State Farm Exec Fired After Saying Premium Hikes Following Cali Fires Were 'Kind Of' Orchestrated

1 month ago
174

Former State Farm Vice President Haden Kirkpatrick was fired by the insurance giant this week after he was recorded during a Tinder date in January speaking about the company's premium hikes in response to the California wildfires.

He was recorded undercover saying that the California subsidiary's request for a premium rate hike was 'kind of' orchestrated 'but not in the way you would think.'

"Our people look at this and say, 'S---, we've got like maybe $5 billion that we're short if something happens.' We'll go to the Department of Insurance and say, 'We're overexposed here, you have to let us catch up our [rates].'... He'll say 'Nah.' And we'll say, 'OK, then we are going to cancel these policies,'" Kirkpatrick had said.

Loading 1 comment...