Senate Grills Allstate CEO Over $26M Executive Compensation
The recent Senate hearing has exposed concerning practices within one of America's largest insurers, sparking significant bipartisan concern. Senators questioned Allstate CEO Tom Wilson over his $26 million compensation amidst allegations of systematic underpayment of legitimate claims. Homeowner testimonies and whistleblower accounts have revealed stark contrasts between executive pay and the treatment of policyholders struggling after natural disasters.…