What a great day for the Allsnake stock!
Any new info...?
Does anyone know what areas in policy admin that are next to have layoffs?
Trust nobody
Key to remember—you may think you have friends in the company or certain people that have your interests at heart. Drop that thought. You have no one that will have your back when it comes down to it. Treat the company as they’ve chose to treat... — read more
The Future of NatGen
Will Allsnake gut NatGen? Lots of redundancy at NatGen. It’s not question on if, it’s a question on when…… NatGen desk est team “NEST”, no need for them, AllPune will take car of all the photo app auto claims, just like they do at Allsnake. Same with... — read more
We are at 80% remote employees
What percentage of your employees are fully remote today? "I’d say it’s 80/20. So, 80% remote elected to be remote and they don’t have an office desk. So, they go in when needed. And some are remote all the time, and if they need to go in, they... — read more
Salary
So learned that someone who has been with Allstate for less than year makes more than me in same position. I have more experience and train this person often. Wtf do I do?
Fired
I was let go earlier today because my KPI’s were too high and Allspice expects poorer performance to match Pune’s results? Should I have told them I can be as bad as they need me to be and hoped they’d have retained me or should I just move on from... — read more
ALL stock
ALL stock is looking really great! 🤣🤣 YTD looks even better……..
I think layoffs may be done for the year because the last few posts have all been troll posts
I'm sure there will be more layoffs next year
Allstate has unionized
Report from Illinois and other publucation including insurance insider and Forbes report allstate has unionized. First reports indicate this occurred as a result of lifers who have no skills fearing more layoffs and threatened by offshore workers... — read more
India COO named
Insurance Insider had an article this morning stating Allstate has put a Chief Operating Officer in place by the name of Pritesh Reusen who will overseeing the movement of all possible functions which can be handled in Pune including subro, FNOL... — read more
Pay increase
Did i hear correctly from Tom in regards to inflation 5% increases on salary
Woo cheer
The woo cheer really got me excited for Allstate's 2023 vision!
Allstate sending jobs overseas or how they like to call it offshore
Allstate laid off several hundred works again after the 2020 layoffs. Last days will be in April. They are sending all agent support and processing to india. The company will be handing any further attrition by not filling the jobs on shore but... — read more
Alicia Keys
Lol, now Alicia Keys is bailing as an announcement was made on E Online that she has terminated her contract with Allstate…..shocked, I think not.
Allstate wants to grow, but...
...they are taking more than double the rate of other companies, increasing an already not very competitive rate. They RIF'ed TONS of people, high salaries, and still are more than double figure rate increase higher than competition. Agents... — read more
Clock striking midnight
Allstate has applied to MA & FL to pull out of those states effective 7-1-23 and shift those policies to Geico who is owned by Buffett and has the capital to withstand temporary losses as they re-structure their PL's operating system, Berkshire... — read more
Wilson to retire
word out of Illinois is Wilson is stepping down at the end of 2023 based on the BOD's concerns over the massive monetary losses at the end of 2022. Who will step in and finalize the sale of this dismal company if it's not done in the next 10 months — read more
florida is bad
LDU adjuster in Florida, my manager advised me to start sending my resume out "off the record" as she was told all of us will be let go after the summer which is sad since we were told months ago we were all in good shape going forward, not the news... — read more
Forbes
Forbes online, obviously a legit business site, lists 5 companies they feel will not exist under their current brand once 1-1-24 arrives and 4th on the list is Allstate whom they state "economic losses the size of which Allstate has experienced is... — read more
How long after Shapiro got forced out at Liberty Mutual did they fix his damage?
Will Allstate be able to do the same?
Evaluation consultant going?
Any one who handles bodily knows the misery of having evaluations picked apart by ECs. Will this position be outsourced, or eliminated? I have worked for 3 other auto insurers and never encountered anyone or anything like an EC. Does anyone know... — read more
Allstate headed down wrong path
Allstate is that dad you see at your kids basketball game. The one who was a good athlete "back in the day" but now wears jeans with piping, shops at the buckle, and has the LeBron 2022 collection of athletic wear. Any trend he's on it. Von Dutch... — read more
Transformative Growth from Local Office Perspective
Allstate has taken away all independent owner phone systems. The phone rings 75% less and they know this. You will ocasionally get a policy that they say was a call forward after you closed. Our longtime customers are not able to speak with the agent... — read more
You expect too much from Allstate
Allstate's goal is to provide mediocre and cost-effective services (for the company), rather than seeking excellence in the field. These are just facts. This is the way things are - few companies function any differently. This is not new and anybody... — read more
Transformative Growth: Token Corporate Bu11sh1t
When introduced in 2019 and 2020 Transformative Growth was advertised as changing the business to make our prices more competitive and to grow faster than our competition. Well after many rounds of layoffs, implementation of horrible processes... — read more
Raise clause
For all of us who rec'd a raise, make sure you read the clause they list which reads "salary adjustments are contingent on your employment with Allstate and not with any future company if Allstate discontinues their line of business".......this... — read more
Great Purge
Number of Allstate agents falls to lowest level in memory That’s down from 9,300 a year ago and 10,400 two years ago, according to filings. The figure topped 12,000 in recent years before beginning its decline. Even that current number understates... — read more
Shareholders rewarded with a 4.7% dividend hike
Not bad for a company that lost 1.4 billion dollars in 2022
Allstate Rewards Shareholders With a 4.7% Dividend Hike
Not bad for a company that lost 1.4 billion dollars in 2022
They don't care at all
Another colleague of mine gave notice. I have not noticed that the management is concerned about it or that it cares in any way to stop the increasing departure of employees. Some say it isn't so but maybe it's just hard to accept that they don't... — read more
For a company trying to get rid of employees
That don't hand out 9 percent salary increases. Really nice salary bumps for many today
Finally I will give my 2 week notice.
Can’t wait to inform my RCL that I have accepted an offer from a better company. I will have a live teams call sonI can see the look on his woke face…
First Quarter 2023 already looking like a disaster
Signs point towards worse than 4th quarter 2022 thus far. But there is still March to go.
Future of the agent/office
Can anyone explain what the future holds for an LSP? So many functions are going overseas, chat, online, self serve. Agents commissions and earning slashed. What does 2023 look like?
Predicting doom and gloom
I'm not the least bit happy about the fact that I'm still here, but that's no reason to constantly predict doom and gloom for Allstate. I think that some are so disappointed with this company that they would even like it to happen... As ugly as... — read more
Is Eric Brandt the next to walk the plank?
I mean "pursue other opportunities / spend more time with his family" I think the clock has run out on blaming Glenn, and Tom certainly isn't going to take responsibility for the string of quarterly losses (which I'm guessing will continue in... — read more