Topics regarding layoffs at State Farm Insurance

Topics regarding layoffs at State Farm Insurance

End of year results 2023

Cant wait to see how much was lost from underwriting this year when added to last years recording breaking $13.4 Billion…..bet combined it will be close to $30 BILLION

Sick time

They give you 40hrs sick time a year, they beg you throughout the year don’t use it on weekends, you have all the 40hrs left by end of year - I guess they expect for me to give it back- joke on you - I’m taking it all at once- see y’all Jan 4 - and... — read more 

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| 2370 views | | 6 replies (last December 26, 2023)
Post ID: @OP+1qcvYL2O

Tips gone?

Is he done? Or just stepping down?

Nationwide back to office.....with another twist

"Nationwide has scrapped its “work anywhere” policy and told thousands of staff they must return to the office at least twice a week." and a bit further along in the same article- " The shift has won support from the Nationwide Group Staff Union... — read more 

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| 2830 views | | 9 replies (last January 17, 2024)
Post ID: @OP+1pXqWus2

HCL buying corporate South?

All the rebadged employees will soon get to go back into their old offices! Well, at least those that have a job in March 1. Any thoughts about going back?

Nearly $25 billion losses in 2 years !

Record breaking premium increases….wow…this all started some 13 yrs ago or longer when they closed all of the local offices and moved to 4 hubs. They lost the majority of their seasoned claim reps. Failed executive Robert Yi under the guidance of the... — read more 

The weekend's over.........

Thank goodness it's Monday! Ya'll are back at work now, so I s'pose we'll see some more postins.....

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| 1450 views | | 4 replies (last December 16, 2023)
Post ID: @OP+1pGyLMTL

This is a scary site - for everyone

I first visited this site a few weeks ago, thought it was a platform for people speaking equally. I found people could speak freely here, but I found someone could speak in a very disgusting way here, until today, I found out this site is not an... — read more 

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| 2490 views | | 6 replies (last November 17, 2023)
Post ID: @OP+1pCsIhOn

YTD thru Q3 2023 underwriting losses

P&C industry article published this week based on statutory quarterly filings, SF has an estimated $11.9B in underwriting losses across auto and fire affiliates thru Q3 2023.

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| 1890 views | | 8 replies (last November 20, 2023)
Post ID: @OP+1pBxtHXY

Retention 1 future

I’m a part time ret 1 associate- can’t and will not go full time - my supervisor just told me last week, Ret 1 will be completely gone within the next six months - either BPO will take over or calls will go to agents - does anyone know how layoffs... — read more 

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| 2170 views | | 3 replies (last December 25, 2023)
Post ID: @OP+1pzJ45Du

State Farm is a Political Animal

I beg every worker to look into what political policies SF endorses and gives dark money into. You may be very surprised to find out they don't align with you. Be careful to ever mention you may lean one way or another because they will cancel you... — read more 

Extreme Ownership - not at State Farm

I was listening to a podcast featuring Jocko Willink a retired Navy Seal officer. In the podcast he said that any leader who doesn't take ownership for the actions of their team is a psychopath. When you look to what happened to my co-workers... — read more 

Lawsuit over breach?

Anyone heard about a recent lawsuit over a recent breach? Did any of that happen?

GEICO increasing in-office time

You know Tipsord is watching with his mouth watering. If Geico employees accept it and stay, you better bet that we will follow suit.

Can I Be Forced To Train New To Role Claim Reps?

When I accepted my current position I saved a copy of the job posting which outlines my job duties. Nothing in my duties states I will be responsible for training coworkers. I was not hired to train anyone. I do not get paid to train anyone... — read more 

Unionize!!!

Do you see what is happening all around you? Auto workers, healthcare, workers, actors and writers… I bet they are not negotiating for a 3.5% merit! I spent 30 years there and regret doing so. I was in leadership, and barely got an acknowledgment... — read more 

Leadership Change

Is it time for a leadership change? Does anyone feel like the company can survive with all the bad decisions, poor treatment of core workers, massive financial losses and being summarily dowgraded by A M Best? Just curious folks thoughts.

Is SF doing away with all IAs as of 11/01/2023?

I've been hearing rumblings about the IA thing in general, but I recently saw a social media post that specifically states that ALL IAs will be done away with as of 11/01. Just wondering if that's true.

SF credit outlook downgraded

Just read where AM Best has downgraded SF credit outlook from stable to negative, citing significant underwriting losses, natural catastrophes, and the inability to secure some rate increases from insurance regulators.

Curious the real reason for rebadge

Hearing two answers on hcl rebadge. One is SF had many analysts nearing retirement, and they would be hard pressed to replace them. The other side is saying it was to cut cost. Which is it? Wish there was some transparency and truth.

Communications

Our communication department is a joke. Led by an AVP who talks about everyone, is a role model for passive-aggressive behavior, and has effectively run five high-performing leaders, strategists, and employees out of the area. The directors are all... — read more 

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| 2020 views | | 5 replies (last September 23, 2023)
Post ID: @OP+1oz0h7Hs

Eliminating company cars

We were told that the company needs to eliminate expenses so they eliminated a significant number of company cars in proximity. If you need to go out to the field, you now have to rent a car. Not really cost effective. Many of the cars are 7-10 yrs... — read more 

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| 2490 views | | 14 replies (last September 15, 2023)
Post ID: @OP+1owPwij9

401K match

Did anyone who is pension eligible get notifcation is we got a 401K match for 2022? Also how much are they contributing to the non pension eligible employees?

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| 1750 views | | 2 replies (last September 2, 2023)
Post ID: @OP+1omZ5m3J

SF won't get caught...

https://www.insurancebusinessmag.com/us/news/breaking-news/allstate-reaches-90-million-settlement-in-shareholder-suit-456575.aspx Saw this over on the Allstate site. Looks like their Execs got caught doing what SF has been doing over the last 4-5. ... — read more 

Maui

Hold off on the 25 million dollar CEO bonus. Get those big checkbooks out and put that money back into the pockets of those who have long paid into it. LOL!

Hubs need to reopen full time

Man what a waste of money the company is spending on empty office space. Maybe then work productivity would improved and micromanaged better.

How many rebadged people have already left?

Just curious how many rebadged analysts have already left. Execs did not account for third level work, and it is a shitshow. I know they are trying to polish the turds as fast as possible How many just said “nope” and quit/went somewhere else?

Claims: The Solution Is An Unofficial Strike

We’ve all seen what UPS workers were able to accomplish. Granted, they have a union and we do not. However, we do have a lot of pi---d off, angry, miserable people working in a sweat shop environment with low pay, incompetent leadership, and new... — read more 

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