If you want to know where your Homeowners Ins goes read this!! (estate)

[SunshineState]

This has got to STOP!! They are making a fortune on us...While they raise our rates so much we can't afford our homes any longer they are swimming in our money! It is sickening!!

State Farm CEO Gets 82% Pay Raise
March 7, 2007

State Farm Insurance's chairman and CEO received an 82 percent raise after the company posted a record profit last year, a statement from the Bloomington-Ill.-based insurer said this week.

Chairman and Chief Executive Officer Ed Rust Jr. Got a $5.26 million raise. He earned $11.66 million in 2006 with a base salary of $1.77 million and results-based bonus of $9.89 million, the statement said. Rust made $6.4 million in 2005 and $5.5 million in 2004.

The absence of a major catastrophe helped the insurer generate a record $5.32 billion profit last year, compared to $3.24 billion in 2005 when Hurricane Katrina hit the Mississippi Gulf Coast, release said.

[doggiebus]

This country is filled with some greedy people, that don't think about their neighbors in the process.

[Floridanative2]

Originally Posted by SunshineState

This has got to STOP!! They are making a fortune on us...While they raise our rates so much we can't afford our homes any longer they are swimming in our money! It is sickening!!

State Farm CEO Gets 82% Pay Raise
March 7, 2007

State Farm Insurance's chairman and CEO received an 82 percent raise after the company posted a record profit last year, a statement from the Bloomington-Ill.-based insurer said this week.

Chairman and Chief Executive Officer Ed Rust Jr. Got a $5.26 million raise. He earned $11.66 million in 2006 with a base salary of $1.77 million and results-based bonus of $9.89 million, the statement said. Rust made $6.4 million in 2005 and $5.5 million in 2004.

The absence of a major catastrophe helped the insurer generate a record $5.32 billion profit last year, compared to $3.24 billion in 2005 when Hurricane Katrina hit the Mississippi Gulf Coast, release said.

They need to fall, and fast! If everyone reading this with the insurance, find another one, that will put a stop to that! That is outrageous, and still our reps in Washington look the other way(most of them). Perhaps some pockets are being lined?