How much waste and inefficiency is there that are baked into the premiums?
18 replies (most recent on top)
Same thing should happen at SF. Audit what they got paid and match to their net worth. You'd be amazed at the corruption.
Insurance, like government, is nothing but a beurocratic cluster F. Cut the F out of it and give the rebates back to the customer. Too many are getting paid for AI work and useless process garbage. Make them work at producing something tangible. Total waste of human capital.
TIME TO CUT INSURANCE! TOO FAT TOO LONG. BIG TIME OZEMPIC CASE!
S O Bs don't want their bonuses and be transparent. They obviously have something to hide. Yup....I was right as to who they truly are. Sneaky sneaks.
Insurance companies are next! We have paid and paid and paid insurance premiums so they can give each other huge bonuses, mismanagement the funds, give each other huge raises only to raise the price on the customer. Heck yes, I'm all for someone going into State Farm from the outside while being transparent to the customer to expose waste and abuse. Long overdue by 70 yrs.
I hope Kash Patel sends the boys after the crooks in all insurance companies. Follow the $$$$.
It's hard work to look at a computer screen and take calls. Tough work! Lol
@fq+1 you are insufferable, and I'll have you know most of the customers are too! You'd know if you ever had to work a day in your life at today's SF.
None of the stooges on this site think of the customer/policyholder. They only see for themselves. Bring em back in the office. They are all overpaid.
easy way to shed tens of millions, get rid of the over priced offices in congested bo-m towns. No one wants to show up to these places, it doesnt benefit the customer, and only the dinosaur overdue retirees see value in being in an office where there is zero down time to socialize.
Another massive waste point is how the workforce turns over so often, having new people sc--wing up increases waste. Someone should do more than gaslight on retention at some point. Great job on telling us all you care lets see a drop of action.
Outside of indicriminately firing employees what have St. Elon and his 19-24 yr old DOGE incels accomplished? Before you say "exposed widespread fraud" why haven't they shown the evidence? And any miniscule savings will not go toward deficit reduction. It will be dwarfed by tax cuts blowing a huge hole in the budget.
Smart, targeted Federal workforce cuts are needed. Like what Clinton did through Congress in the 90s. This is a bunch of ham-handed garbage performed by people who neither understand nor care about our government. You'd better hope they take care of our personal data they have accessed. Hope they don't have it on a server for the Chinese and Russians to hack.
SF tried this many times and did not want to spend any money to do the conversion. Too expensive.....Sound Familiar!!
Thought the Paper clip guy took care of all the waste!!....
The policyholder could call an audit.
as much as i would love for there to be an actual audit by an affiliated third party , let me remind you that the Federal government has no jurisdiction to audit a private company, but its not hard to figure out where all the waste is... executive pay upper management, there are so many managers the higher up you go its a waste, this is basically office space the movie, there are too many managers and only the front line ones actually do anything and maybe some of the mid management, after that they just have meetings upon meetings and in general add nothing to production, most decisions are made with no real thinking regarding actual consequences and instead when the said "project" fails they blame the actual employees that do actual work, its a miracle anything gets done, terrible but somehow the company has not imploded.
SF systems are outdated. US government systems are outdated. Government has fraud, abuse, and excess inefficiencies. If you don't think SF doesn't have fraud, abuse, and inefficiency in all levels and departments you're some kind of stupid. WFH needs to come into the hubs and same as DOGE needs to be done for the policyholder who owns the company.
Show me a rich politician (most leaders are) and I'll show you a crook. HARRY TRUMAN. Leadership at SF are crooks. If true which I think it is, what percentage do you think is a cost for inefficiency and premium dollars?
Doggy is already here, ask the mrs.
45 to 65% easily. Think of how much they pay for "business decisions."