Allstate is forecasting continued inflation and long term struggles for the average American. This is the reason for the current positioning. People will be looking for the lowest cost option during the recession vs paying more for quality service that they will simply not able to afford.
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I call BS. As a customer and an employee, our service is horrible due to unbelievable turnover and staffing. Rates are increasing, and PIF is only going up because they are buying companies. Executive compensation is exploding, and They are beginning to create new new cushy jobs at the top.
I can't see quality service anywhere. Customers waited for over 7 days to get a call from adjusters. It's a joke.
This is bu-----t revisionist history. Allstate’s goal is to increase profit for shareholders, end of story. If they happen to offer a low cost product at a time where increase for said product is occurring, it’s shear d-mb fu----g luck.
Is that why they just took a 5% rate increase across the board???