Thread regarding State Farm Insurance layoffs

If anyone thinks that SF and the California Insurance Department are somehow in cahoots that is just laughable. And if any Company was going to “buy off” a politician it sure wouldn’t be some state rep that has no observable influence. According to the judgement SF and the rest of the industry lost their previous ability to keep some pricing/rating information confidential. Not exactly John Grisham material....

1dag. Your debating skills are feeble. Read what is in the report and quit changing the subject. Edward bought the commish just like the company buys judges. The commish got a political career from big red's funds, then gave Eddie a huge rate increase. What is in the document was the truth, sf didn't want it out, they were at the dance with the commish. You are lame, get the facts and think for yourself.

It's ridiculous that if your were in "Systems" and part of ICP that now you're in a leadership role. What the hell is going on. We have id--ts in first-line management in "Technology Manager" rules who have no clue how about the technology they "manage".

No Tippy you are one sick messed up THING not doing you job at all!

You can't. I am America's most criminally underrated CEO. My family's reign of dominance will continue long after you are dead and forgotten.

@YCcgb5b-2mgg Amen. Here’s to State Farm getting back to it’s roots and Tipsord getting fired!

Happy Easter, Earth Day, or just plain have a good weekend. Let's hope spring and hope comes back to this once great organization. We have fallen so far so quickly. Change, when done RIGHT, can be uplifting.

Really 1lma, this is what you hold out-laughable. This was a lawsuit from Insurance commissioner Garamendi forcing SF and others to publicly provide rating data. He called it redlining data to sensationalize it to garner more voter support. It worked as he got elected to state house. Once again, SF was not charged with redlining nor were they fined. Pretty feeble try.

Stay on topic people. Wasn’t this thread about finding a way to oust the CEO?

https://advocacy.consumerreports.org/press_release/major-victory-in-california-insurance-redlining-lawsuit/

Heads up 1hgq, read it and weep for your beloved tribe. We await your response.

Tipsord is the greatest CEO of this generation!

@YCcgb5b-1zre Tipass and the Farm are prime candidates for a redlining class action lawsuit. They better watch their actions in the future.

1uef. Ah, the everybody else does it doctrine as a defense. I thank you wholeheartedly for providing further basis for a supposedly basis less claim. One does not create the billions under Tippo's control by playing nice.

Reparations for insurance!

Rating based on credit is inherently racist as African American's have not been given the same opportunities in America as other races have to build solid credit. The fact that you guys are so upset over my comment proves that there's definitely racial vulnerabilities in the rating system.

@1blu—everybody once rated by zip codes. IDuring my career it’s gone from ISO Protection Class to Zipcode to 1km squares to exact latitude and longitude. Places are different and you can use any system if you can show an actuarial basis for loss prediction. Conversely, anybody can make a baseless claim of racial discrimination with no evidence whatsoever.

Wow, yet another dumb and uninformed comment-must be dumb day! SF continues to use zip codes as well as other boundaries. Other companies do as well. SF has never been found to have “redlined” or even paid a fine from any department of insurance. Sell your idiocy elsewhere....

Don't you remember the problems with 'redlining' ? We rated by zip codes. No racial implications there!

1ebv could not be more wrong. Business is growing at the fastest pace in major metropolitan and urban areas. The slowest growth in rural areas. SF has been the industry leader in having agents of color in under served urban centers. If you doubt it drive through south Chicago, LA, Atlanta, or Houston. You will see numbers of SF agent offices an occasional Allstate Office and no one else. Both GEICO and Progressive use education and occupation for pricing which has resulted in multiple lawsuits and actions by departments of insurance for racial discrimination. SF uses neither and has been applauded by community groups and even HUD.

1ebv should be ashamed of their ignorance.

Why would any large group of policyholders care about voting out the CEO? If they are unhappy (and many are) they can move on in about 15 minutes without any disruption to their own lives. (See lapse-can.)

@1thy-I’ve performed many different functions here for over 30 years, and I cannot think of a position where you’d have the ability to “notice eligibility trends leaning towards parts of the country with mainly white populations”. It’s also unimaginable that any such actuarial data would ever pass muster with 50 different State Insurance Departments. Try again on some other forum.

@YCcgb5b-1ebv Lately I’ve been noticing eligibility trends leaning towards parts of the country with mainly white populations and a lot of predominately black neighborhoods for the most part not being eligible for auto insurance with State Farm. I don’t know if this is planned or just incidental but it certainly doesn’t leave a good taste in I or my colleagues mouths.

The race card popped up, lmfao. So you are saying that people of other races don’t have good credit and we should insure people based on race not their driving record? As an Asian I am offended.

@YCcgb5b-1pkb You do realize we can't sustain a company on just mutual customers right? I know a lot of racist people would like us to only serve white customers with good credit but there simply isn't enough of them willing to switch to hold up our company or our agency force. Standard business needs to be made competitive along with mutual. Every other company has figured out and is k--ling us in it and making a profit. Soon the board will see the error in this prejudiced predatory acquisition strategy and fire tipsord and his advisors so I'm not worried anyway.

Compensation is based on actual not plan, same for bonus. Btw, the gain is all Mutual none of that standard junk our agents got drunk on a couple years ago.

@YCcgb5b-nqi umm I don't know what metrics you've been looking at but we're 17 percent under plan YTD for auto gain and also worse off than last year. On Production we're also 7 percent under goal. That's highly alarming and I'm sure the walls are closing in on tipass and his advisors now that the company is publishing these.

You will be relieved to learn YTD there is both policy gain and underwriting profit. Huge bonus year on the horizon.

A million policy holders did cast their vote in 2017 alone and cancelled their policies, that’s how a policy holder votes. In time that fool will be ousted when the stock market tanks and nothing but bad business is on the books and unexprerianced employees are all that’s left.

100 billion dollars can't be wrong. Keep up the good work Tipsord. His son will be an even better CEO.

You’re dreaming. The annual meeting is a quick formality. Nothing of any consequence will be allowed to happen there.

And how many policyholders would know and care what’s going on anyway? They just want a lower price.

Tippy has proxy votes which he can use as he wishes.