Thread regarding Allstate Corp. layoffs

More rate increases coming

Beautiful…just beautiful…
How is that transformative growth going baby???
Time to buy another underperforming company to try to hide those customers that are hitting the exits….Time to throw more millions into stock buybacks and just for giggles, you may want to lay off more employees…..
Most of the employees with claims experience either were forced out of
Left on their own….you can choke
On that 11% increase in severities and the increased reserve hit….
You got what you asked for baby…..

by
| 1411 views | | 6 replies (last May 1, 2022) | Reply
Post ID: @OP+1gn4RjLE

6 replies (most recent on top)

You have such greed. Getting rid of US employees to save money by hiring employees in India to be the cheaper auto insurance. I think you continue to make record profits but stick in to the consumer. I hope you grind this company out of business.

by
| | Reply
Post ID: @9fva+1gn4RjLE

All insurance companies are hiking rates due to inflation. I just took a 13% increase on my auto and 16% on my home with Nationwide for my July renewals.

by
| | Reply
Post ID: @9zjl+1gn4RjLE

Geico just hiked my premium too

by
| | Reply
Post ID: @3akd+1gn4RjLE

I have Progressive and just took a pretty good rate hike of about 12.5%, when I asked why I was told it was due to cost going up for repair parts, cost of replacing a totaled vehicle and some other reason.

by
| | Reply
Post ID: @2csw+1gn4RjLE

I love that you think only allstate is taking 10% rate increases

by
| | Reply
Post ID: @1jur+1gn4RjLE

Leadership is sinking this ship into the ocean.

by
| | Reply
Post ID: @twl+1gn4RjLE

Post a reply

: