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  	<p>News and views and topics of interest from Schmitz Insurance, LLC

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          <h2 class="hdr-date-cool" width="100%">Thursday, 15 March 2007</h2>
                
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      <p class="item_subject">State Farm CEO gets 82% Pay Raise
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<P>How much is enough?&nbsp; State Farm Insurance's CEO, Ed 
Rust just got a $5.26 million raise.&nbsp; He made $5.5 million in 2004, $6.4 
million in 2005, and $11.66 million in 2006.&nbsp; Read the rest of this article 
and maybe you will see how he earned this "bonus".</P>
<P>Meanwhile....<BR>State Farm Insurance Companies recently admitted to making a 
"mistake" by having over 45K salvage cars in 48 states to be re-sold at auctions 
without telling or notifying the buyers and also that they changed the legal 
certificates of title.</P>
<P>and...<BR>After hurricane Katrina, State Farm coerced adjusters into denying 
wind damage claims.&nbsp; According to the lawsuit, State Farm adjusters were 
coerced into making the same conclusions as the engineering report. Those who 
rejected these findings were fired, transferred, or reassigned, according to the 
claim. <BR><BR>Allegedly, many insurance claims adjusters determined that wind 
damage preceded damage by floodwater in hundreds of cases. Those conclusions and 
other engineering reports that did not support the HAAG’s conclusions were 
allegedly destroyed to cover up any evidence that would force State Farm to pay 
out claims. </P>
<P>and...<BR>State Farm claims adjusters had sued for unpaid overtime payments . 
Plaintiff lawyers said many insurance adjusters should be receiving the back 
payments over $55K.</P>
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			<td nowrap=true><em>Philip J Schmitz, CIC @ 09:10 AM</em></td>
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  	  <h2 class="hdr-misc-cool">Profile</h2>
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        <dt class="profile-img"><img src="your_photo.jpg" width="80"  alt="" /></dt>
        <dd class="profile-data"><strong>Name:</strong> Philip J Schmitz, CIC</dd>
        <dd class="profile-data"><strong>Visitors: 10400</strong></dd>
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      <p class="profile-textblock">Philip J Schmitz, CIC is the owner of Schmitz Insurance, LLC.  He represents the third generation of Schmitz in the Insurance business which was started in the 1930's by his grandfather George Schmitz, Sr. and grown significantly by his father A.F. "Bud" Schmitz.  Phil is a graduate of Southern Door High School, The University of Wisconsin Green Bay (Marketing and Finance) and is a Certified Insurance Counselor for over 25 years.

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  	  <h2 class="hdr-misc-cool">Blog Posts</h2>
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			   State Farm CEO gets 82% Pay Raise 		   </a>
		       		
		
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			   Below Zero Temperatures 		   </a>
		       		
		
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			   Some of the lowest rates in the U.S. 		   </a>
		       		
		
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			   Maple Valley Mutual gets an "A-" 		   </a>
		       		
		
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			   Deer Crash Problem 		   </a>
		       		
		
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			   Do you have the right type of Smoke Alarm? 		   </a>
		       		
		
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			   Free Nurse Help Line 		   </a>
		       		
		
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			   Cell Phone and Driving Dangerous 		   </a>
		       		
		
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			   Who really is "Like a Good Neighbor" 		   </a>
		       		
		
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			   Smallest Increase in six years! 		   </a>
		       		
		       		
		       		
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  	  <h2 class="hdr-misc-cool">Archives</h2>
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             <a href="http://blogs.schmitzinsurance.com/news/index_07_03.htm">March 2007</a>
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