The CEO's that left thousands without fire insurance within months of the L.A. fires.
Who are the faces behind these companies? One was paid $24 million in 2021....
Video of homeowner in Eaton fire.
Heartbreaking. Infuriating. From Newsweek:
State Farm cancelled roughly 70,000 policies in California, “affecting high-risk areas such as the Pacific Palisades neighborhood.
Let’s look at the faces behind the abandonment. We need to start connecting the PEOPLE to the NEGLIGENCE.
Michael L. Tipsord was the CEO of State Farm from 2015-2024.
What can we learn about Michael L. Tipsord?
MICHAEL WAS PAID $24,000,000 in 2021.
Even back in 2016, he raked in a cool $8.16 million:
”It certainly pays to be CEO, but probably not as much as we all would’ve expected. For Tipsord, his reported salary for 2016 of $8.16 million is not as high as some other CEOs in the insurance industry. However, that same year, the company reported a lot of loss of about $7 billion. That’s quite a large drop for his first year of being CEO.”
Well, poor Jon Farney. He is the new President and CEO of State Farm since January 2025, after “assuming the role of CEO in June of 2024.” He is JUST as complicit, folks.
Liberty Mutual chose NOT to renew dwelling fire insurance policies for 17,000 Californians.
Who’s the asshole running Liberty Mutual?
Remember, Liberty Mutual had one of the HIGHEST PAID CEO’s in 2021…
Tim Sweeny is your guy! Maybe he was too busy trying to manage global operations, global retail markets, and global risk solutions while holding down the fort? What’s his excuse?
Sweeny replaced David H. Long in January of 2023.
This piece was published on April 10th, 2024:
What do you think Timothy M. Sweeney is making each year with his lucrative role?
I’m still digging for salary information.
My heart goes out to everyone who is fighting for their lives and homes right now.
Please check out Reinette’s recent Substack:
Don’t forget the faces and names of the people who dropped your insurance. There’s more to the fires, but that will be for another Substack. Think: if houses burn but trees do not, is it really a forest fire?
I suppose it doesn’t matter that there were NO spotter aircraft or fire-fighting aircraft over the Pacific Palisades between 8pm on the night of the 7th through this morning (January 8th) at 4:52am when I checked flight radar:
Someone shared this to Telegram. It looks like they’re fire-bombing the place:
Did you catch it?
And I suppose it’s NOT important that the 2028 Summer Olympics is supposed to be held in L.A.? I’m sure they’re not fast-tracking more emergency funding to help them “Build Back Better,” are they?
They want EVERYONE TO WALK or USE PUBLIC TRANSIT. Sounds very “smart” (city-ish).
To be continued as this INTENTIONAL FIRE DESTRUCTION SAGA develops.
Love, MK
Yes indeed. Everything connects. All roots connect & meet underground. Insurance Co. & Corporate Fascism on display. The State is the coldest of all the cold monsters. Everything it has it’s stolen from the people. Behind the veil Reft & Reave it has stolen it cries I am the people. Nietzsche got that one right too.
Frontstreeted, nice. Don't forget that California political leadership crafts the legislation to drive out businesses in every sector. Corporate greed is lovely compared to the Beauracrats actually calling the shots. Ex. PG & E infrastructure investments and rate determination is decided by a California Political Board of schmucks, not business decisions. Same for local/State Water, Sewer, Transportation, Schools, 'Health & Medical', all driven by highly paid board members. Welcome to the Commie Love of the Process.