SF is going to continue to outsource just like the announcement this week! First of many to come to save money! Once the growth is stopped, (Big Dog 2.0) they will start transitioning out anyone left with tenure. U/W with the automation/policy center and any other out-sourcing of claims/segments they can do. All this new claim's staffing is your replacement! Regardless of what the nay sayers think they are going to continue to unload future pension responsibilities like they did this week. It's almost 1200 employees they are letting go disguised in "acceptable job offers/severance plan changes"! It will be Tipsord's partying gift so whomever takes over for him won't be the bad guy that froze the pension! Remember MT turns 64 this year and has to/will retire at 65! His days are number! He stole over a $100 million in comp/bonuses from the company in his tenure and does not give a sh-t! Tipsy always said he was the transition to something else...AKA.... he is the "hatchet man".
https://www.insurancejournal.com/news/national/2022/12/12/699083.htm
https://www.wglt.org/local-news/2023-01-12/state-farm-plans-to-outsource-some-it-services-to-indian-company-hcltech
Just last month, State Farm chairman and CEO Michael Tipsord said 2022 would lead to the “largest auto underwriting loss in the 100-year history of our company.” Indeed, State Farm recorded a net underwriting loss of $4.6 billion in the third quarter of 2022 in auto claims, according to S&P Global. That’s $1 billion larger than State Farm’s worst quarter in 21 years.