A company that has long said “agents are the core of our business model “ just made significant changes to their contracts. We will see how that dichotomy plays out over the next few years.
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Never ever trust any of them. None of them have loyalty nor honesty.
@11h check Aspire look for STEP report
@rm Where is the posted and how is the buyout determined?
@114 absofreakinglutely! They have lost trust and integrity. Once a company loses those virtues they are done.
Claims reps and adjusters are extremely undervalued and underpaid. They are overworked which has degraded the service they have been able to provide over the years since they were gutted. Now corporate is looking to gut agency which will also destroy the State Farm model, decrease sales & lose the only advantage we had. A local, personal presence.
So many poor decisions by management ruining a once great company..
@k4 buyout numbers for agents are now posted, 50k is the minimum, 300k is the max.
Fu-k you, you have no idea how hard we work, how many hours we work outside of office hours, how we deal with a--holes like you. Ignorant. But then again, everyone has an opinion, like an a--hole.
@ba u ain't gonna get a buy out.... U wish
@fb What were the changes mades to the contract that was announced on Monday?
@f3 AIPP was the agency version of matching funds. The company didn't sponsor any retirement plans for agents, but once per year they bonused 5% of certain production "to be used for retirement".
In their early years, agents could not invest it because they were struggling to survive. But that money came in handy whether it was for survival (like meeting payroll) or self funded retirement.
I'm a recently retired agent. For ten years, I jumped through all the hoops they asked me to jump through. Saw my bonus disappear one year when one life policy lapsed over the holidays. So I got nothing on my maxed auto and home production either. Saw a year when we were growing so fast that in April--SF just cancelled all the incentive programs for the year. Not "locked in at current level"---just cancelled the incentives. So the rest of the year, there was nothing to shoot for. Another year, they decided we could only write 4 home policies per month. I had been writing 80. Customers were PI---D that we couldn't write their new home--and they lost their multiline discounts because they no longer had their home with us. Lost a ton of households over that one, not to mention fielding really evil calls all day.
Those of you who think agency was a free money grab have no idea. The rug has been pulled out from under us so many times. We committed to staffing and advertising based on promises that were broken with no consideration at all. And I was one of the agents who came from inside the company. Spent 7 yrs in Claims and 2 in Underwriting.
Now I'm losing my medical insurance, and am expected to believe I'm better served by an agent with four offices. No thanks. Never thought I'd consider shopping, but I will.
@f2 What is AIPP?
@f1 so happy agents are finally getting the ol' corporate sc--wing the rest of us endured. So glad I am no longer part of this ape sh*t show.
Agents are going to get a better feeling for the complete snakes that run this company! State Farm is pure trash and now it is starting to eat itself from the inside. It has a completely incompetent 2040 DEI claims workforce, has written horrible new business through Big Dog 2.0 and the MT other scams. They have bleed other area dry at SF and now they finally get to move on to the agents. Long time coming for sure....but this is just the beginning. More drastic changes coming for claims too! Benefits including PTO and health care are going to get trashed even more. It does get worse....welcome to the club agents!
@b7 most agents don’t show vale to their customers. 50% of the agents are writing 90% of the business. Most agents don’t even meet with customers anymore and are hardly ever in the office.
@da This is long overdue. State Farm could eliminate ALL the agents and it will be just fine. Most agents aren’t licensed to sell financial service products and are too lazy to get licensed. Someone going to insurance quote.com every six months and going with the lowest premium carrier, isn’t you selling. The company is bleeding business as it wrote 11,000,000 vehicles and only grew by 750,000 in 2025. Why should the company pay an agent to do absolutely NOTHING? No service, no selling, no marketing. Get rid of the dead weight and make the agents actually work for their money. It’s funny how the agents are crying over the contract changes, but boo when they are told that their will be rate decrease because their comp will drop. That’s a good neighbor that puts the customer first, like the disclaimer says.
@d7 Agency uses that money to provide over half the customer facing employees, and ALL of the customer physical access points. Best money State Farm spends.
If you put every department on a board and ratio size of the names to the amount of pure expense the two largest names are ET and Agency. One is the future the other is the past. You can talk about 'value' all you want.
Look at these agents sell how great they are thinking they are not disposable. They are very disposable. They are just like adjusters. They are indeed disposable. State Farm will have no where else to cust after this BS making themselves the McDonald's of Insurance.
These agents, me being one will be just fine. The vast majority are very smart business people who most likely will continue their success elsewhere. Slash commissions with a constantly moving variable component adjusted randomly by the company, zero benefits and no AIPP to help with retirement? Yea, no thanks. I predict a massive increase in the number of new independent agencies in the next couple years. I will take the 2-$300,000 buyout and move on, thank you very much.
@am the “premium boys” (and women) built this company one policy at a time. Don’t judge that which you haven’t experienced.
@b0 an agent has customers who stay with them year after year, through countless premium increases and claim issues because they see value in the agent and their staff. Obviously this poster is not an agent who has shown value to their clients.
Hilarious to me that they waited until after convention to drop this bo-b. Hope you guys enjoyed your Pink concert
SF Agents think they are important, public sees them 1 step above used car salesmen or Burger King workers. Let's put this in perspective, MT and JF are good ole boys that graduated from Illinois State....and became CEOs of SF a fortune 50 company. Ed's fault and MT used JF to cover his criminal tracks! These f-cktards should be selling shoes at Di-ks Sporting Goods, at best maybe managing a Taco Casa..... These guys are wannabes, nerds, posers, fakes, and generally sc-m of the earth. They have no clue what they are doing...hence why this place is a complete and total sh-t hole! The 2040 is workforce is a diaster, and the company followed the woke trend. It will be it's continued downfall!
Good! It's time the premium boys learn money isn't free It's earned. Long long long overdue! They assumed the risk!