My friend in Plymouth had his homeowners insurance canceled because he lives in a high wind area. The state allowed the insurance companies to create high risk coverage at three times the original premiums. Yeah, there is likely to be huge profits at Liberty Mutual.

It's about time the Commonwealth gave policy holders more say in so called Mutual insurance directors coanies as they seem a bedrock of over paid management and directors whose interests lay elsewhere than lowest possible premiums. How about requiring them to show their travel and expense accounts as well business meeting costs and all related paries employed or doing business with company. It is disgracefulmthatbthey pay lobbists to increase premiums on their shareholders.

Surprising that there was a picture in the paper.  Usually when you steal like this, you wear a mask.

both had record years.

CEO pay wasn't so high decades ago. The middle class recieved more pay and benefits, even pensions. Jack Welch started this trend at GE. He said at the time he wanted to crush the workers to raise profits. He did it. Some people think he's a hero. He's just one of the new Robber Barons. This is the new America. Get used to it. Go on watching Fox News.

This level of pay for the top executives (and the board members) is absurd.  The top management of publicly owned companies, whether the companies are owned by shareholders or policy owners, should be subject to a standard that is different from private companies and entrepreneurs.  Then again, nobody has said that good character is necessarliy a criterion for business leadership.