Insurance companies may be tightening their budgets going forward, but executives certainly aren't feeling the pain. Since the major hurricanes of 2004 and 2005, many executives have enjoyed huge increases in compensation stemming from strong performance. However, this compensation has not declined since insurance companies have begun cutting back in today's more difficult environment. State Farm, for example, announced that it was dropping coverage for around 2,600 policyholders while CEO Edward Rust received $11.7 million this year compared to $5.5 million in 2004. Similarly, Alfa Insurance dropped 4,600 policyholders while its CEO received $1.7 million this year - a 25% increase year over year.