Topics regarding layoffs at Allstate Corp.

Topics regarding layoffs at Allstate Corp.

Allstates pricing scheme

Another state is standing up to Allstates pricing shell game to overcharge loyal customers in order to drive retention by charging lower prices to higher risk… “Michigan regulators are asking insurance giant Allstate pointed questions about its car... — read more 

Welcome Terrance

I would like to welcome the newest contributor to The Layoff Allstate Insurance, Mr. Terrance Williams. Mr. Williams was canned on 5/23. We are still waiting for Allstate to announce his retirement. But we know the truth, you were kicked off the... — read more 

Current stock

This sh-t show of a company is only as good its it’s leader. It’s lead by a Chicago Sc-mbag CEO. What do you expect…. Stock prices taking a huge decline! Record loss last year & 1st quarter,,, soon to have record loss for 2nd quarter. I see... — read more 

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| 1580 views | | 8 replies (last May 26, 2023)
Post ID: @OP+1mN4H0Vj

So sick of constant being scolded.

Like we are in kindergarten. Go to break at 0:00. Got to lunch at 0:00. Go to break at 0:00. Make sure you log out on time. But don’t work past your time. But make sure you hit your numbers. And don’t forget to raise your hand to go potty. — read more 

Everyone has given up

I do not know one person including leadership that takes anything they do seriously and no one has any ambition to try and fix this company. Everyone I know and myself are just going through the motions to get that green every two weeks. We know we... — read more 

Fox Business on Sunday

…….so the Fox Business show on Sunday listed the different vendors which Allstate is utilizing, there are 3 of them. All 3 are doing the same thing, offering to re-badge employees of Allstate with the “guarantee” of at least 6 months of full time... — read more 

Thoughts?

https://insurancenewsnet.com/innarticle/nationwide-adjusters-make-6-demands-to-rectify-overwork-concerns

Transformative Growth

Let’s try to be real on this crybaby site for once. Transformative Growth was announced about 4 years ago. It was pitched to lower the expense ratio to make the auto product more competitive and make up market share differential with Geico and... — read more 

Mario Meeting Highlights

Deflections. A big lack of seriousness all while almost mockingly teasing cost cutting and "transformation" which we all know what that eventually means. This guys is such a stooge so far out of his league. Pretty sad when this goober makes you kind... — read more 

Enterprise Risk Management is a Mess

Department has been restructured so many times over the past 2-3 years that no one knows what they are doing. Sure, there are parts of the org that work, but most of it is a bunch of Directors trying to make their VPs happy and either running with... — read more 

Letter arrived

So my Concentrix letter came in the mail yesterday……I am being offered a job at the same salary but with no job title? It states they are evaluating all roles and will place me where they feel I am needed. They also state since I am being offered a... — read more 

Concentrix

Has anyone been given any official notice of this happening? Does anyone know what areas this be hitting? Other than here, I haven’t heard anyone talking about it.

Non Renewals

With June 1st just 3 weeks away, can anyone provide additional info on underwritings previous comments of 30-40%. Will agents be notified? Is this only certain states?

Depressing workplace

It's become really depressing to work here. I get the impression that none of my colleagues care anymore and everyone is doing the bare minimum while looking for other opportunities. At the same time, despite everything, I still love my job and... — read more 

What are the odds of severance anymore?

We all know that further reductions and eliminations and movements of positions offshore and to vendors is going to continue until this company gets everyone it wants eventually out the door. Obviously they don't care if any of us stay or go, live or... — read more 

Blaming the inflation

The leadership here never takes responsibility for their stupid decisions and we are used to that. However, when they blame inflation for bad results, they should be aware that people will eventually start asking how come inflation affects... — read more 

Is Agency Services totally automated now?

Whenever our office chats in we get quick seemingly scripted answers almost like they are from a bot. We regularly get transferred even before we can explain what we need. This happens with asic and rmbc and we know they were getting rid of those... — read more 

The Shapiro Slide continues

Results clearly indicate his actions set this place back. Profitability challenges in auto can be traced to significant downsizing of claim professionals in 2020; transition to photo and video estimating at scale of vehicle damages have shops taking... — read more 

Allstate is in trouble

Progressive, Geico, State Farm, and Liberty Mutual were all profitable with their most recent earnings. Allstate leadership is running a once great company into the ground. Allstate is outsourcing many employees to vendors and still is bleeding... — read more 

Updates....?

Any new info on who's next to be laid off? When?

Allstate stock

Interested piece on Fox Business this morning where they listed Allstate stock as one of the 5 worst performers in 2023. The stock value has dropped 42% since last October and they predicted it will continue to decline throughout the rest of the... — read more 

What are we doing here???

Can someone explain how vendors inspecting losses multiple times, higher supplement activity than ever, and still paying a licensed adjuster to settle claims saves money vs just sending an adjuster to get it right the first time??? Damn sure doesn’t... — read more 

Forbes posting

Forbes online had a blurb about TW stepping down as CEO on 9-1-23 to take over Geico? Interesting move I think.

Miserable Earnings and More Losses

Why does this company continue under the disguise that everything is A-OK? Do they actually think the employees, the customers, and the investors are that stupid? Do they have that little respect for everyone else that they think these lies and... — read more 

The SDDS Town Hall Today

That was not very re-assuring. A lot of speaking of continued Transformation and additional cost reductions needed. Openly said we are not good financially at the moment. Carla Z and her cronies looked awfully nervous during that.

How to go from an adjuster to a CSL

How long does this normally take and what is the best realistic way to make this happen. Please save the smartass or sarcastic comments…

Non-renewal notices being sent

I have a co-worker in UW I’ve known for years and she was advised to begin sending non-renewal notices to ALL current Allstate customers effective 6-1-23 which means the RIF in policies is about to begin to lower the footprint of policies Allstate... — read more 

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| 1960 views | | 16 replies (last May 10, 2023)
Post ID: @OP+1mrmKBrJ

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