A couple of late week reports state Allstate may soon be acquired by a company currently outside the industry to shore up their insurance side in relation to their investment side. Business Morning and Hot Stock both reporting this potential. Target... — read more
Allstate non-renewing commercial lines in 5 states
More bad news. NY, NJ, FL, CA and Louisiana. They are actually allowing this to just run-off and cancel. CL underwriting will be all AI soon.
As we continue to bleed out staff
It’s funny. Upper management is trying to be so nicey nicey right now. All the happy wishes and positive “thank yous” and trying, to show an interest in the personal lives of the people. Don’t go there ! It’s so plastic and fake. Most can see right... — read more
What happened with RMBC layoffs
I'm in ASIC and we were rebadged to the vendor or sent to benefits. However, I was curious on RMBC's fate. No one told us anything in our dept
Different ways they try to get rid of people
Although my personal experience is not like that, I fully believe all those who say that their managers are doing everything in their power to get rid of them. Apart from the usual bad atmosphere in the company, which actually forces everyone... — read more
Before you bash Wilson.
Just think how you would feel if someone talked about your dad or uncle the way people bash Wilson
How is this legal!?!
I am a front line adjuster and there are processors sending correspondence to customers and contractors using my signature. Wtf!? Seems like an attorney would have a field day with that! Mind you these people are not licensed
Before 2020 allstate was a great place to work
Don't get me wrong. Working from home isn't bad. However, now that upper management sees that most of the jobs can be done remotely they are going to outsource everything and send all the jobs to vendors in other countries. Allstate no longer cares... — read more
Wilson does treat people with respect.
As much as people talk about the negatives about Allstate, nobody can point to even 1 real example of him not treating people with respect.
People need to vote with their wallets
This transformation will continue until it has a negative effect on the bottom line "if it has a negative effect" I for one am not pleased when a large corporation makes me speak to an overseas representative. The language barrier is intolerable, the... — read more
Cheap=vulnerable
Sending customer facing work to India will only lead to poor customer service, legal and controllable risks. Expect savings up front that will then expose how poor these decisions are long term. Clearly those in power now have little to no long term... — read more
Allstate currently is a dumpster fire!
Allstate currently is all over the place! They increase rated by over 25% on average and in many cases over 45% and expect customer to stay with the company. They are hiring 3rd party vendor employees to be in customer service and the give them the... — read more
Does anyone know if allstate has future layoff plans or sending to vendors for other areas
I know ASIC, RMBC, and CCC had them but are there any other areas of the company that are planning them?
Really makes you scratch your head
Morale is at an all time low. Production is way down, yet no one points to the fact that we have priced ourselves out of the market entirely, taking 25% rates here and there while competition takes 10-15%. I love Allstate as a company, love the... — read more
BTE
Curve was set to BTE this year as a power play …. make employees feel appreciated with a higher rating but then blame earning for lack of an increase.
I assumed that the results would be bad
However, could anyone have guessed that the results would be this bad? Forget about job safety, no job is safe at Allstate.
Dinner and Drinks with Wilson
If you could have dinner and drinks at a 5 star Chicago steakhouse, and then go to a scotch bar after to discuss your career, would anyone here really turn that opportunity down!? I think the answer is NO
Morale losses about even with fiscal losses
Both completely in the toilet. And they expect 100% effort and smiles on faces. Allstate brass are as delusional as they are stupid. Give them what they give you. A no, a middle finger, and about 40% effort. You'll feel much better and less stressed. — read more
$1.3 Billion lost in fiscal year
And we can say with straight faces that our jobs are secure and that senior leadership has a clue what they are doing?
Nepotism at its finest
Learning from a colleague that someone who bragged on social media about storming the capital was just promoted to a manager position. WOW Good luck to that team.
Can this move to WNS be any worse?
ASIC has no idea what their doing. A total mess. SMH.
BI, auto, and prop adjusters being sought in India in India
Many positions for Allstate being advertised on local job sites in India and in job telegrams within India. Not on Allstate career site since specific to India and internals there already know.
Who would have ever thought
That things were so much better with the diasater that was Glenn Shapiro. Mario Rizzo is actually many times worse as unbelievable as it is to fathom. We would have better leadership and vision from peat moss than we do right now.
NatGen
Any word if NatGen will have any RIFs?
Allstate got out of paying severence
The real winners were the employees in RMBC that were laid off. I'm in ASIC and am being transferred to the vendor. I am starting my job search now
$310 Million LOSS for Q4
Skip tomorrow’s meeting where Tommy and Mario spin the losses. Tommy’s script is already published with the filings. Allstate also LOST money for the entire year of 2022.
Fight for your rights! You DO have a choice!
I have a meeting set up with HR regarding this ridiculous forcing to vendors. On initial conversation things with the vendor are not what we were led to believe and it seems we were not told everything about options and our employee rights... — read more
Any new info...?
Does anyone know what areas are being eliminated, outsourced, or reduced? I've seen posts about RMBC, ASIC, claims, but haven't seen much about other areas.
Claims posts on LinkedIn
I have noticed a recent upsurge in LinkedIn posts touting courses completed, continuing education. These are fluffy courses about planning your day or office conflicts. The Allstate posters are ECs or QA people. Are there rumblings about layoffs in... — read more
What's your feelings on ASIC/RMBC announcements?
Personally I think nothing was done by RMBC senior leadership to even try to keep those impacted (no surprises there with who "leads" there). At the same time ASIC did everything to try and sc--w us out of severance. They masked it as saving our jobs... — read more
asic and rmbc announcements this coming week?
word is asic and rmbc leaders had meetings last week about the fates of the departments and that announcements of department layoffs and vendor transfers are coming early this week. can anyone confirm this? anyone have meetings yet scheduled for... — read more
Stock buyout
Forbes online on Saturday had an entry saying AState will be announcing a stock buyout at approx 75/share which means they want to eliminate stockholders to allow the company to be more easily sold............DUMP YOUR STOCK QUICK!!
Sale coming
News outlets in the Illinois area are stating Allstate is in "aggressive" talks with another insurer to sell their book of business by YE of 2023 if not sooner.......Geico, Progressive, any guesses which one is soon to own Allstate?
Tommy sells his stock
On September 21st Tommy Boy sold 104 THOUSAND shares and on December he sold 37 THOUSAND shares he’s ready to jump with his golden parachute 🪂