Allstate's CEO Pockets $26 Million As Fed-Up Consumers Get Denied And Dropped

Posted • May 13, 2025: I watched with interest today as the CEO of Allstate talked about the company's issues. —— Josh Hawley @HawleyMO: “Allstate's CEO is cashing in $26 MILLION a year—but the company can't “afford” to pay out their customers' claims … Allow me to translate: Policyholders get screwed, and Allstate's C-Suite gets rewarded” —— I despise home insurance companies. My home was hit by a hurricane in September 2024, destroying our dock. Rebuilding is costly, so I filed my first-ever claim after years of paying skyrocketing premiums. The adjuster implied we’d hear about our payout within 10 days. I expected it wouldn’t cover everything, but it could’ve been a start. Instead, I received a letter claiming the damage was from “water,” not wind, and thus not covered. What a joke! My dock stood strong in water for decades. Heavy rain didn’t shatter it—hurricane winds did. The insurer knew this but banked on me not having the resources to fight them. That’s how they exploit customers.

Friends who are or were adjusters urged me to challenge the denial, but I can’t afford pricey lawyers. It’s disgusting how they treat policyholders. To top it off, they dropped me right after denying my claim. What a scam. —— Always Looking for the Truth @lehmanlaw: “As someone who represents claimants for a living—and as a claimant myself—I can say with full confidence this is true. Allstate not only routinely undervalues legitimate claims, but they also drag out the process for years. With today’s high interest rates, those delays aren’t accidental—they’re profitable. Allstate earns interest on money they should be paying out to victims. The other large companies are the same. Allstate is not on an island.” —— The insurance industry pays members of Congress through donations. Then, who looks after consumers? Nobody! —— Deb @fbjailsuperstar: “Now do USAA. Our insurance has gone up a lot, and it seemed to happen after a claim after a severe storm. Ridiculous.”

That is particularly egregious as that is a company meant to help veterans and members of the armed forces. —— ☀️PTSDeflection Detection☀️ @wuz_dis_button: “THEY ARE ALL DOING THIS. I had to sell my car after the hurricane because USAA screwed us after being customer for 25 years! I pay $500 a month in home insurance and I’m about to lose my house because of repairs!! Make it stop!!” —— While my dock is maddening, there are people with way worse stories. —— Charlie Greenberg @swimguyny: “With the former claims and no increase in property risk, Allstate increased my homeowner's policy cost +20% each year for the last two yrs. NO, I was not in good hands with Allstate and I canceled my policy moving to another reputable insurance company with major cost savings Allstate is guaging their policy holders. Caveat emptor” —— X @fau1in: “My insurance was $260 and went up to $400 in 2 years here in Florida on a model 3 performance. Why am I paying 20% of my car’s resell value yearly for insurance?”

Insurance costs have spiraled out of control, consuming an outrageous share of Americans’ income. This cannot continue. We urgently need stronger consumer protections. It’s time for politicians to prioritize people over insurance companies. Enough is enough and Americans deserve better.