It’s a fact that State Farm Insurance is not helping their customers as one customer has shamed them publicly. And my comment from that post.
I had a previous post where I looked into State Farm, and they were a mutual insurance company, where they’re owned by policy holders and not publicly held. I posited that the OCGFC got control of the board, was siphoning off as much money as possible through advertising… and possibly looking to break them or make them publicly traded. Consequently, this would seem to point to them not having the money to cover policies, yet the advertising keeps rolling. I wouldn’t use them in this current state of affairs.
Trump and his OCGFC brethren have a plan for State Farm, and we just have to wait and see what ultimately happens. You kind of have to think they’ve ruined their financials, and they can’t settle claims while staggering it out as premiums come in, desperate for new policy holders. Have they turned State Farm into a kind of insurance Ponzi scheme?
https://thelibertydaily.com/absolutely-horrible-trump-torches-insurance-giants-name-who/
By Joe Kovacs
(WND)—President Donald Trump on Tuesday turned up the heat on “horrendous” insurance companies that he says were “absolutely horrible” to California residents affected by devastating fires in the Los Angeles area in January 2025.
“I have just met with various Political Representatives of the tragedy that took place in California concerning the burning of thousands of once beautiful homes,” Trump posted on Truth Social.
“It was brought to my attention that the Insurance Companies, in particular, State Farm, have been absolutely horrible to people that have been paying them large Premiums for years, only to find that when tragedy struck, these horrendous Companies were not there to help!
“I have asked the Administrator of the U.S. Environmental Protection Agency, Lee Zeldin, to give me a list of the Companies who acted swiftly, courageously, and bravely in order to make their clients happy and, even more importantly, in order to fulfill their Legal obligations.
“Likewise, I have asked to see those Companies that were particularly bad. The names of some surprise me, but in the World in which we live, nothing really surprises me! State Farm, and others, should get their act together, and treat people fairly. The Government is looking into this matter as we speak!”
🚨 WOW! President Trump just said he’s GOING AFTER insurance companies such as State Farm who are screwing people over following the California fires
EPA Admin Lee Zeldin is now going to give 47 a list of names 🔥
“It was brought to my attention that the Insurance Companies, in… pic.twitter.com/a5NwxZ0yCT
— Eric Daugherty (@EricLDaugh) March 31, 2026
On Jan. 16, 2025, State Farm pulled its planned commercial for the Super Bowl after receiving fierce criticism concerning the blazes that destroyed thousands of homes and killed an estimated 25 people.
The Daily Mail reported: “Just months before the devastating inferno broke out, State Farm made the controversial decision to revoke fire coverage for tens of thousands of residents in the state, leaving many in a state of crisis after their properties were turned to rubble.
“A number of Hollywood stars have publicly hit out at the insurer over the cancellations, including comedic actor Rob Schneider, who furiously branded them a ‘pile of crap.’”