Insurance provider State Farm plans to lay off 136 employees at its Earth City operations, according to a notice the company sent to the state of Missouri.
https://www.stltoday.com/business/local/state-farm-to-lay-off-employees-in-earth-city/article_01e7d57e-6dab-56dc-af55-15f3c0db3345.html#tracking-source=home-the-latest
@4rkq. I call BS.
I’m the King of England. Just felt like perusing this website of angry State Farm employees for no apparent reason.
I’m with John Hancock and I can assure you that isn’t our Plan.
Those Earth City (St. Louis) jobs are Bank jobs. Many of which have become the openings posted for in Bloomington.
interesting there are 136 job postings in the career section of statefarm.com
That Long Term care payroll deduct decision was made by John Hancock-not by State Farm. The LTCI market has been brutal, with most carriers leaving the business due to unsustainable losses. Part of the problem has been that nobody ever lets their policy go. Even more of a problem when it's on payroll deduct and they don't have to think about it.
By making everyone pay annually or semi-annually on their own, John Hancock will see a lot of policy lapses, and will get out from under a lot of unmanageable financial risk.
Just got letter no more payroll deduction on LTC group coverage with JH, I asked benefits today if there are changing coming pension she said I am unable to discuss. Sorry to hear about my friends in EC. Good Luck to everyone. man wish I had a couple more years but time to pack up the Cube.