With the potential Chubb Hartford merger and Liberty Mutual passing Allstate in written premium, Tommy and The gang are sailing this ship to 6th position in the country! I know the Northbook crew only cares about profits and share buybacks, at some point will irrelevance factor into their mindset?
https://www.cnbc.com/2021/03/19/insurer-chubb-offers-to-acquire-rival-hartford-for-23point24-billion.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message
I see Transformative Growth is going just swimmingly. Such a brilliant plan to layoff thousands a year and buy companies to paint a fraudulent picture of market share growth instead of fixing an obviously outdated and broken system.
Allstate will cease to be a stand alone operation in 5 years. Bank on it!
Had 5 customers say this week they were canceling. Delays in vehicle inspections, rentals over 30 days and Allstate wouldn’t extend due to delays , adjusters unable to get to shops in person to inspect their cars causing multiple supplements and more delays . Shops calling in complaining why adjusters not seeing damages in photos or virtual assist .
C'mon man!
I challenge Tom and Glen and Co. to get us back to Number 1 Stock insurer in three years. Let them put THEIR MONEY where their mouth is and show the rest of us how the once "Maverick in the Industry" will lead in the future. Market share is calling ....
C'mon man! We're waiting.
Farmers is claiming 6th in personal lines after they acquire MetLife Home and Auto:
https://newsroom.farmers.com/2020-12-11-The-Farmers-Exchanges-and-Farmers-Group-Inc-FGI-Announce-They-Will-Acquire-MetLife-Auto-Home
The field narrows.