Here is an eight point summary of our issues:
- All employers told by the CEO in January-May during monthly tow hall meetings no lay offs, everything is great at Allstate. Great profits, big bragging on giving customers discount during covid.
- January, $3B is stock buy back for leaders additional salary bonus.
- June 16th town hall meeting with CEO, normal meeting, waits til the end of the meeting to announce that Allstate needs to cut $1B is salary, excuse was that Allstate is not competitive & needs to give customers a better rate. Also CEO was slurring & sounded like he was drunk during this town hall. Normally recording of town hall always been available, this town hall gone......
- July Allstate purchase National General Insurance for $3B.
- Allstate rates still very high & not competitive.
- Allstate has now outsourced to Puna India for claims processing & also completing estimate on auto claims completed by customers who use the Allstate claims app. FYI the India team Not being paid any benefits or fair wages. Most don’t have any experience in the auto collision industry.
- Allstate CEO Thomas Wilson & President of PPL Glen Shapiro & many more of the leaders salary is 10 times more than any comparable traded insurance company or any company for that matter.
- The list of unethical business practices & exploitation of cheap over seas labor keeps growing & growing......