Article says Heritage Insurance in FL is raising homeowners insurance rates by an average of about 15% (despite no big claim events) while its CEO's compensation now tops $27.3 million. And people aren't happy about it???
From the article (linked below):
[I]A fast-growing but untested insurer wants South Florida homeowners to tighten their belts and pay up to 25 percent more — even as Heritage Insurance Holdings Inc. CEO Bruce Lucas has nearly quadrupled his compensation in one year to a whopping $27.3 million, records reviewed by The Palm Beach Post show.
That represents more than 50
Source of insurance-forums.net
From the article (linked below):
[I]A fast-growing but untested insurer wants South Florida homeowners to tighten their belts and pay up to 25 percent more — even as Heritage Insurance Holdings Inc. CEO Bruce Lucas has nearly quadrupled his compensation in one year to a whopping $27.3 million, records reviewed by The Palm Beach Post show.
That represents more than 50
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