President Donald Trump put major insurers on notice in a threatening Truth Social post on Tuesday.
More than a year after the Eaton Fire ravaged the Los Angeles, California area, some homeowners report receiving insurance payouts that are significantly less than the value of the homes they lost. Similarly, some homeowners have reported receiving HOA fines and utility bills even though their properties do not exist.
Trump posted on Truth Social that the government is “looking into this matter” and wants insurance companies to “treat people fairly.”
“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. “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,” he added. “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!”
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