We all know it’s coming. Anyone got any insight?
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@4a6 Great summary! I agree to all! (I work at State Farm corporate office in management)
State Farm Insurance spent $1.12 BILLION in advertising on 2024. This is more than excessive. Who pays for that? State Farm Insurance has increased Illinois home owner insurance by 27% in 2025. Illinois does not have many home owner insurance claims No hurricanes, earthquakes, fires, floods, volcanoes, tsunamis, etc. that take out many homes. Illinois has a few tornadoes but these do minimal damage since they only normally impact a very small area. Therefore, it is obvious State Farm Insurance is breaking the LAW by way over charging Illinois home owners to pay for other USA States disasters! Insurance is a commodity, which means it is a common product with nothing different than the competition. State Farm has nothing different to justify the very high prices they charge! State Farm Insurance is paying Patrick Mahomes, NFL, NCAA, NBA, etc. exorbitant advertising fees that we the consumer actually pay when purchasing their policies. I live in State Farm’s corporate headquarters city and all my neighbors are “double dippers” husband/wife and work for State Farm. I am retired so I see these people all not working. They get up late in the morning and quit work early afternoon. They all “work” at home and take their kids to schools, get groceries, do yard mowing and landscaping, ALL during normal work hours! They all get a great pension when they retire and also live in expensive homes! I will NEVER buy State Farm Insurance since I see the graft and corruption these company employees do!
You are going to see a lot of people in Marketing, HR and ET first. Mod work for underwriting is now kind of on auto pilot. U/W is experiencing about 95-98% success rates with straight through processing. Estimates show about 4-5K people in personal lines will not be needed by mid next year. AI is starting to write the code needed and we can shrink down to a much smaller group. If you noticed everything is moved to the Cloud and we are starting to outsource. Not finalized but big talk about eliminating at least two levels of leadership. Think Directors, Claim Managers, VPs in certain areas. Some talk about SMs because they think they block progress! A big change is 2026, once mod is finalized, is they are going to start slashing renewal commission for agents. Some Sales Leaders and folks on that side that need to retire too. Agents will fleece the company on the way out the door. ILR/Express will see big changes to. Fire and Auto claims are such total sh-t holes with 70% of the employees being there less than 2 years, they won't get touched yet. If growth tanks, like I expect it too, claims will come up but only as a last resort because it is barely hanging on as it is. The DOIs are absolutely sick and tired of State Farm because they see all of our shady claim handling and retar-ded work force. They are going to try to force people out and make you so miserable you leave. They do not want to pay severance....that is just an optic to try to make people hopeful and stay around longer hoping to get a severance and don't just quit......until they can drain every last drop of blood. Trust me they will do everything and I mean everything to make sure severance is paid only as a last resort. The pension is done! Bank on it! If you could hear the comments these total sh-t bags make about the workforce it borderlines on criminal. They are total sc-m of the earth! Doing a 2 minute promo with Ed still doesn't give you any credibility or look like an incompetent reta-d.
@cg you seem in the know. Anything on the depts that will opt in to voluntary severance or will it be all? Claims is being told that it will not be them (for now), but I am in a dept that has a lot of 30 yrs plus folks (subset of Claims) and I cannot imagine they would not want anyone with a pension to leave in the entire Company to get cost down. Interestingly they are talking about the next 3 years, but all of the linked documents note that everything will be completed by March 2026 (very buried but in there) - at least for the docs released.
@nd if you need money you’ll do it. But it is terrible no doubt. I kinda became numb too it. Disassociated, turned into a robot. Probably not healthily but doable. Plus the money ain’t bad if your a promoted claim specialist
@mp space is not a concern. They have an entire campus in Bloomington sitting unused, and the option to lease additional space in each hub as needed.
Oh, I did what you did and messing with agents arguing CRIs, Necho, renewal discounts dropping off, RAS, why the St to St transfer hasn't processed...and just all the data entry for added cars, new business apps etc...is absolutely nothing trust me. I moved to claims and we will see how you like arguing with agents about at fault accidents, non-program body shops about repairs, labor rates, parts, extra contractual rental, claimants attorneys regarding injuries, recorded statements from a 5 car pile up, 3PET and explaining comp neg. Wait until Agero looses are car or f-cks it up worse when they tow it. I make about 150 outbound phone calls a week and take about 40-50 incoming. Every single person that has tried to come over from Auto Underwriting has quit within 6 months. Actually run away screaming....my apologies but 9/10 won't make it. You might, who knows but trust me you have no idea. Plus you haven't seen real metrics yet! Hard to explain but just be cautious, claims is like a bad dream you never wake up from! Total sh-t show...people from claims post to underwriting to leave, not the other way around! Only the toughest survive! Our upper leadership has the mentality that you are completely worthless piles of sh-t and we hope you leave! They treat people like garbage and try to make your work environment so miserable you leave!
@mp lol as someone who is in PLF production underwriting this remark makes no sense/ you obviously don’t know what we do. We have metrics just like anyone else. I have days where I’m balancing 50 agent conversations on policies on top of meeting hourly metrics for underwriting new apps it’s non stop. Would I rather go to claims? He-l no, but I also don’t mind being in office. But I’ll do what I need to do to make a living in the end
@cg I don’t like it, but that makes a lot of sense
@kg the survey we took hinted at in office 3x a week.
@cg what exactly is your source with this do you have this 100% confirmed?
@ck you know how it works lol . I'm pretty sure McKinney consultants got massive bonuses too.
@cg did McKinsey come to town again as they say? haha Cut cut cut cut and cut more of the bottom labor expenses baby. Blame those loser overpaid employees for all the problems, save money by running off (because we don’t do layoffs here) the “overpaid” employees that have been here too long and then collect bonuses all around for the Exec level that just loved the advice they got from their consultants about how to lean up. Then more consulting is needed to figure out why the company is still and more fu---d up than ever. The consultants don’t care about SF, just as much as a dr-g company does about curing cancer or other diseases if there’s an alternative to enrichment at the expense of a hospital or patient. They care about money. Money for themselves. Money for the people that go with the program. They will charge and bill until the company is dead. The Execs care about bonuses and zero accountability for making their own decisions because they really don’t make any of them themselves.
You will get the news in October about RTW before we have to select benefits for the 2026 enrollment period. You are going to loose 5 days of PTO or basically your Life Leave unless there is some kind of state mandate/sick leave. They are going to stop all the people that burn their Life Leave by February or March every year. Everything will be back to straight PTO days and that is it. They are raising your healthcare premiums by about 20%. You will find out 2026 is the last year of pension contributions and all future contributions by SF end 12/31/26. They will freeze it and you keep what you have accrued. Everyone get's moved to the current 401k plan effective 01/01/27. Anyone under 10 years will be bought out with a lump sum settlement. Also they are going to buy out all your Legacy PTO. STD benefits will be discontinued and you can request a sabbatical that has to be approved by your leadership and HR. Based on years of service. If you have a 1-2 rating you are not eligible. Reduced Merit and EIP/MIP percentages. 2026 is going to be the year of the great clean-out at State Farm and any of the remnants of a once decent company will disappear forever! Replaced by the 2040 gang! If you get offered the severance take it! They are going to make the company so distasteful only the totally desperate and id--tic will stay. Army of re-arded lemmings is every Execs dream! The stampede out will be funny to watch and epic! It is an absolute Sh-t hole!
Not soon enough. No more running errands and binge watching Netflix
Idk but that will be the cue for my resignation. This rubbish isn't worth it. Management at all levels in this company are bad.