Thread regarding State Farm Insurance layoffs

Renters team dissolved yesterday

I got inside info that the renters instance of guidewire rollout was immediately stopped yesterday four months before go live. Resources were told they will merge to support auto go live which already has existing staff soooo come layoff time guess who is getting the boot unless you are better than your auto equivalent. People were right mgmt has no clue what they are doing, the ones that could really drive results have all left for capital one, usaa and Toyota etc

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| 2601 views | | 11 replies (last November 22, 2022) | Reply
Post ID: @OP+1jJGXN7p

11 replies (most recent on top)

Staring down a 6+ Billion loss followed by an almost certain tanking of production does create some urgency….

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Post ID: @6wrd+1jJGXN7p

yeah, this isn't really "layoff time" but that dividing the focus for mod between auto and fire at this stage was a poor decision to start with. Better late than never, I guess.

I feel bad for the workers who know renters really well and now have to dive deep into auto.

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Post ID: @6dpr+1jJGXN7p

Uh no the rollout was paused to support auto. Another poor mgmt planning decision... yup. But the idea is to shore up auto first and then restart renters

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Post ID: @3sfb+1jJGXN7p

Another example of the utter nonsense posted regularly on this worthless site. btw they are eliminating all existing employees pensions at 7am Saturday. Thought I would jumpstart the next bogus thread.

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Post ID: @2ijo+1jJGXN7p

Fake news trolling

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Post ID: @2mya+1jJGXN7p

Bogus thread.

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Post ID: @2hbe+1jJGXN7p

Staples 2.0

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Post ID: @1tir+1jJGXN7p

I don’t know what you’re talking about (“renters instance of guidewire”, “auto go live”… never heard of these terms) but auto needs to hire. Reassigned employees are even better.

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Post ID: @1mav+1jJGXN7p

Renters insurance at SF starts at $85/yr, about $7/month. For young drivers it often discounts the car more than that.
GEICO is struggling badly right now. Losing money AND losing policy count. It’s not like we’re uncompetitive in this arena.
The entire industry is struggling with rate adequacy right now.

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Post ID: @uvj+1jJGXN7p

Renters insurance? That’s because renters for younger people is way cheaper, geico it’s like 10 dollars to bundle renters, at 25 with a clean active driving record, and full coverage it’s under 100 a month. I don’t want to give myself away, but at 23 with an suv with all automatic features, under 100 a month for renters/ and a super nice car was a good deal. Now it’s even cheaper!

Geico also did an online risk assessment for other toys I owned. All in the matter of 15 minutes I had insurance.

I’m not sure if I got a bad assessment but I pay just a little more than my grandparents and they have way newer cars 2-3 years old.

SF was fairly competitive priced until it came to toys/renters. Geico was a no brainer financial move for me.

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Post ID: @qjz+1jJGXN7p

Never even heard of it. Stopped before it went live? Must have decided it wasn’t a super vital function.

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Post ID: @his+1jJGXN7p

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