Topics regarding layoffs at Allstate Corp.

Topics regarding layoffs at Allstate Corp.

Every one to blame for this “clusterf@@k but Tommy…

Tommy is not a captain that will do the honorable thing….he will throw everyone off the boat….because of course he is not at fault…. I give Rizzo 6 months before he wants to “ pursue other opportunities”. It’s sinking baby… in real time!!!

Eric Brandt Released

Last day is end of September. Looks like it has begun now with Claims. Transformation kicks into hyperdrive for Claims.

HE’S LEAVING!!!

Eric Brandt is leaving the company!! His last day is 9/30! Oh boy! Here we go!

The new direct insurance product

This has already failed with NatGen and other companies. It is based of products like The General and focuses on non-standard high risk, low income insureds and grossly overcharges clean driving records and middle class income households. This new... — read more 

New WARN notices in several states

Allstate had filed new WARN notices with multiple states. Typically this means a plamned possible reduction in workforce in excess of a set number.

Interest rate impact on legacy pension this year

July rates suggest a 7-8% adverse impact on lump sum pension values if employee stays beyond November 30th. This after a 19-20% reduction this year. What are you hearing from your peers or leadership? Does this create a run for the exits, or does... — read more 

Thoughts?

Allstate agreed to pay $90 million to settle a class action lawsuit by shareholders who accused the insurer of defrauding them by concealing that it lowered underwriting standards to boost... — read more 

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| 1060 views | | 4 replies (last August 18, 2023)
Post ID: @OP+1o969EQx

Customer phone calls offshored to vendor

The transformation of American adjusters not taking inbound calls is working. They handle very few inbound calls as the push to self service, the vendors and India is working as designed. It will be just a few more months before the rest of the work... — read more 

Since 2015?

https://www.reuters.com/legal/allstate-pay-90-mln-shareholder-settlement-2023-08-16/ Just going to leave this here. "Aug 16 (Reuters) - Allstate (ALL.N) agreed to pay $90 million to settle a class action lawsuit by shareholders who accused the... — read more 

Is there any legal accountability?

Is there any legal accountability on the BOD for negligence if Allstate goes under on their watch?? They have a fiduciary responsibility to shareholders …is there any penalty if they fail at that responsibility??

After 3+ Years of Transformative Growth...

What "growth" have we actually had besides increased offshore contracted labor and higher bonuses for the top 5% of this company that is peddling this tripe? Transformative Growth was implemented in summer 2020 in the middle of a global pandemic and... — read more 

PERFORMANCE REVIEWS

Why are they so he!!bent on these things. It comes up in every huddle for every little thing. Let us just do our work!

Time to get angry at the lies, posing and deception

Other then senior leadership, by the end of this wonderful “transformation” there will no longer be an American workforce…other than the greedy top of the pyramid hoping they will sow the benefits from the lives they have unemployed… They can sell... — read more 

If you're in express, prepare now.

Secret projects regarding training in India has been going on for a long time now. Recently, a trainer had told a colleague they were no longer needed in a month. Usually this time of year, no new classes come but they pick up at the beginning of... — read more 

Scottsdale expansion

I heard the office is actually expanding heard they're taking the whole place they are leasing

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| 580 views | | 3 replies (last August 15, 2023)
Post ID: @OP+1o7yVLqD

A lot of worry in Claims

Weird vibes going around. A lot of leadership meetings, cancelled process meetings, and a hush hush atmosphere where leadership has distanced themselves. Something is afoot. Just an odd aura and feeling about things recently like something big about... — read more 

Allstate is a BBB credit now

On top of the stock going down Allstates credit is too! "The downgrade reflects Allstate’s continued weak underwriting performance given elevated catastrophe losses, persistently high loss costs for the personal auto business, and the increased... — read more 

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| 930 views | | 9 replies (last August 17, 2023)
Post ID: @OP+1o6KYudH

Love that stock

Tommy better sign off on opening that vault and buying some stock quick… Investors are speaking loudly today on what they think of it… Tommy needs some artificial inflation so id--ts think that it is a well run company..😂😂😝😝😝😉😉😉

Hawaii Fires

It is so sad and scary what happened in Hawaii. Prayers for all who lost everything and for those lost. Beyond the sadness, does anyone have any guesses at Allstates exposure in that market?

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| 820 views | | 1 reply (August 12, 2023)
Post ID: @OP+1o4Lm1wu

Why not STRIKE

Let’s all go on strike. We have nothing to lose…

India to be "Transformed"

Many Allstate India roles being moved to a vendor which has most of their employees in South Africa and Philippines. Around 1/3 of Allstate India roles are said to be rolled there.

5 Year Stock return v PC peers

Shareholder returns have been awful on absolute and relative basis. Check out the 5-year returns: Progressive: 101.7% Hartford: 41.7% Travelers: 29.5% Allstate: 12.2% Where is the commitment to increasing shareholder value? This covers the... — read more 

Working in claims

I would like to leave before my job is outsourced. What is your opinion, is working here in claims much worse than working in claims in another company in this industry?

Employee website

I wish TW would fire who ever is in charge of the employee benefits website. It is a massive cluster($)_.

Agents Beware

Yesterday you were informed of cuts in commissions but sunshine pumped about how valued you are... Let me explain how the rest of this goes... I about 3-4 months, right before year end, you will be introduced to changes in sales and retention goals... — read more 

What is Allstate's competitive advantage?

Every company needs at least one. Pricing? X Coverages offered? X Ease of doing business? X Customer service? X Claims handling? X Leadership? X-X Carl Mayhem being slightly less annoying than Flo, lizards, and emu's??? Actually a serious... — read more 

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| 940 views | | 8 replies (last August 10, 2023)
Post ID: @OP+1o1zCqD3

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