Reported 1 day ago
Senator Josh Hawley criticized Allstate's CEO, Tom Wilson, for earning $26 million last year while policyholders, like Natalia Migal, struggle to receive fair payouts for storm-related damages. During a Senate hearing, he highlighted the disparity between rising company profits and denied claims, suggesting that insurance companies are prioritizing executive compensation over their customers' needs. The hearing brought attention to broader issues in the property insurance industry as legislators seek to address systemic failures that leave homeowners underprotected.
Source: YAHOO