Thread regarding Allstate Corp. layoffs

Agency compensation being cut again 2023?

Does anyone know how much the EA agency compensation is being cut by in 2023? There was a recent article about it but you have to be a subscriber in Crains.

After cutting all those jobs, what more can they do?

They cut the renewals to 9% in 2020. However they had some kickers if you grew PIF etc.

Wonder how this will impact TPPs and book sales/financing?

by Pay cuts
| 2621 views | | 5 replies (last July 1, 2021) | Reply
Post ID: @OP+1bzuq7Ev
Comment! It's anonymous!

5 replies (most recent on top)

Customers still want an agent. The people at Allstate Customer service are missing chromosome or Two.

by Anonymous
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Post ID: @3qxe+1bzuq7Ev

Allstate wants to get rid of agents more than they want to move claims to India. The writings on the wall. They want to be Prog/Geico (but suck at it). Only a matter of time before claims and sales are all based in Pune, and customers still paying for a premium product with their terrible customer service and attitudes, LULZ

by M’goodboy
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Post ID: @pkj+1bzuq7Ev
  • 20% more. They cut agents -10% four years ago. No one can keep an agency solvent and cover operating costs with the little margin we are left with after losing -30% in operating capital. Also, if they don't hit quotas, then renewal comp will be affected. Certain quotas, not hit, they are sent a 90-day termination letter no matter how long they have been here. So much for "being in good hands" huh?
by Anonymous
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Post ID: @rch+1bzuq7Ev

Curious about Allstate agency startup 100k needed. What a waste

by Anonymous
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Post ID: @gvs+1bzuq7Ev

Agents are a thing of the past, don't be surprised if they're liquidated completely

by Anonymous
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Post ID: @fas+1bzuq7Ev

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