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Friday, August 20, 2010

State Farm Insurance Ratings and Consumer Feedback

State Farm Insurance Ratings and Consumer Feedback: "'I wouldn't do business again with this company. They are overpriced and push all kinds of other products they want you to buy from them. Their monthly payment plan is a nightmare... I suggest you closely watch your bill if you are paying monthly. They can never explain the inconsistencies from month to month variations. Also, be ware that your premium will go up if you file a claim. They did not pay many of the Katrina claims, however, the CEO of the company got an incredible 82% pay raise in 2006. Here is a quote about the news: '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.' You reach your own conclusions.'
2007-05-31 18:47:29 EST"

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