Thread regarding Allstate Corp. layoffs

Allstate wants to grow, but...

...they are taking more than double the rate of other companies, increasing an already not very competitive rate. They RIF'ed TONS of people, high salaries, and still are more than double figure rate increase higher than competition.

Agents premiums are growing, but sales are much lower, and retention is dropping like a rock. Don't drink the kool-ade. Things are horrible in the field.

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| 1351 views | | 1 reply (March 17, 2023) | Reply
Post ID: @OP+1lvjpvJl

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I work for a brokerage, it is not just AllState that has had insane price increases this year. On average there has been a 20% to 23% price increase across the board. Progressive used to take anyone and now their underwriting has tightened immensely. Geico pulled completely out of CA for new policies. It's not about Kool-aid it's about inflation and a looming recession.

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Post ID: @badi+1lvjpvJl

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