The footage, reportedly filmed with out the chief’s information, reveals Haden Kirkpatrick, former vp of innovation and enterprise capital at State Farm, discussing how the corporate allegedly makes use of coverage cancellations as leverage to achieve approval for charge will increase. “We go to the Division of Insurance coverage and say, ‘We’re overexposed right here. It’s a must to allow us to catch up our score,’” Kirkpatrick mentioned within the video. “They usually’ll say, ‘Eh.’ As a result of the Division of Insurance coverage and the insurance coverage commissioner is an elected place in California. He’ll say, ‘Nah.’ And we’ll say, ‘OK, then we’re gonna cancel these insurance policies.’”
