Customers leaving in droves…..
Expect more losses at the next quarterly report…
Which executive will suddenly retire “to spend more time with family” next???
The marketing folks are ultra confused as to what the companies identify is supposed to be.::now back to the ads bad mouthing “cut rate companies” when they have made clear that is what the “transformed” Allstate intends to be. Forced to go back to advertising as one of the “high priced” carriers due to all of the premium increases…The problem is that they no longer can back up high prices with great service. Allstate service is now one of the worst in the industry based on all of the TG cost cutting…
This company is in “circle the drain” mode and it is only a matter of time now. Backs are to the wall….Price increases will continue to
be necessary in an attempt to restore profitability and the service sector of the company no longer exists…
Customers will not put up with high prices for “cr@p” service and will continue to leave…
Employees no longer care and obviously the BOD have better things to do than their fiduciary duty to hold Tommy and the rest accountable for this travesty.
BOD: “The company is bleeding money, customers and employee morale and loyalty, let’s give our boy another 20 million dollars.”
It no longer matters whether employees are based here, in India or on Mars…Allstate as it was once known is history…..
Greed, self service and ego destroy another American company. Allstate unfortunately learned well from its former parent company..
14 replies (most recent on top)
Allstate purchasing GEICO……
Thanks for the laugh Troll😂😂😂😂😂😂😂😂😂
…Allstate is currently struggling with cash flow and they are going to come up with the capital for this “major purchase” how???????
The trolls on this site are a joke…
Oh look, the pathological liar is back with another "Fox (or Forbes) is reporting" lie.
Fox Sunday had a brief story confirming Allstate is hoping to finalize a purchase of a “major” US carrier in the next 14 days so the person who posted this is completely accurate.
Rumor has it, you are making things up. It’s clear from prior acquisitions that integration is not our strong suit. There is not any purchase in the future that will occur. Stop the unneeded conjecture.
Rumor has it Allstate is on the verge of buying a major carrier, either Progressive or Geico as one of them is really struggling right now and looking to sell, this would add the positive news Allstate employees need to get back to the top of the Insurance Industry market.
Read the indeed Glassdoor reviews from India. They are terrible
If the Allstate exclusive is so great why did all these mega agencies sell 40 million dollar books and get out?
Allstate is DOA
You can get much cheaper rates. Take a day and shop. That’s what folks are doing. They are leaving after many years. Customer loyalty means nothing to the company. The local agents and the on shore adjusters can only do so much to save the business. The top is rotting and it’s spreading to the core.
Our service has been horrible long before the introduction of TG. As far as rates are concerned- open your eyes, all companies are taking them.
I agree with all these posters…
Who would have believed 10 years ago when Allstate was solidly in second place nationally and the brand and motto was an American institution…that we would be here????
Enron, Sears, Blockbuster, AOL…and many more examples of large companies that imploded due to a lack of senior leadership or worse…
Allstate will just be the latest example of an American company driven into the ground…by greed, negligence of the BOD in proper oversight and governance and EGO..
@omk+1n9IW3ML, don’t be so sure….
Sears is a great bellweather to worst case scenarios..
At the end, many employees continued to hold large amounts of Sears stock and at the end it was worth nothing. The buyers of Sears refused to voluntarily keep the promises that Sears made to
Employees regarding pension commitments and in the end many got Pennys for the dollars that they were promised…even when pensions are “government protected” it is years of fighting and red tape to try to get what you are owed.
Also, in the end after all of the money has been siphoned off by the crooks at the top, many times dying companies do not keep their own promises on severance.
The employees only recourse is to sue the company and are the last paid (if ever paid) as they are put last in a long line of creditors seeking to recover money. Also remember that many employees have signed agreements that they will NOT sue the company under any circumstances.
If you think that this could not happen to Allstate employees, you have not been paying attention…
Sears stock was still trading over 100 per share a few years before its demise and many ended up getting a few dollars….
Do not assume that any commitment that has been made by this corporation will be met at the end when everyone is fighting each other for the last few dimes…
As an employee and I can speak for my peers that we are just here to watch the sh!t show. No one cares, no one gives more than about 60% in our area. Leadership holds no one in our area to numbers and metrics because they too openly don't care. We are here for a paycheck every two weeks and don't care one bit about this company. If it continues its downward spiral we have a few more years of paychecks and they will have to pay us severance as there will be no Allstate left to vendor out. That is what a lot of us are sticking around for now...not just severance but the final collapse and there is severance and compensation for that. Low levels get vendored off during the process but mid level like ours and high level will get rewarded for sticking it out and then we get to enjoy the deserved end of this horrible dying company.
The arrogance and ego which this senior team still shows is mind boggling…
Still heading down the same path…even when having their lunch money stolen by the companies that they are striving to be like….
Warren Buffett must be laughing his a@@ off at his “competition.”
Tommy is not and never will be in the league of the major players….at least Liberty Mutual was smart enough to change direction after they showed Shapiro the door and it has taken them years to reverse the damage…..
Shapiro sold Tommy a pailful of s@@t and Tommy’s ego will not allow him to reverse course now that it is all imploding….
As always, “he is the smartest guy in the room.”