So we now get another accounting bean counter to take the helm…..2 yrs of record breaking underwriting losses ($28 billion)….premiums continue to go up….
Robert Yi’s operating business plan under the guidance of Tipsford failed miserably….
Agents are making more money but are loosing customers since premiums are thru the roof….
So glad I got my 35 yrs and left so I can now sit here and comment on this site
18 replies (most recent on top)
The board of directors was much better in the 90s with those Enron people on it.
You all realize its the owners of the site that instigate on the forums right? They got everyone fighting eachother here to increase site engagement (which is why i use adblock here)
Almost no SF employees actually use this site anymore due to it. Just remember that. Anything of value this site use to provide to employees is long gone, just rumors made by people who dont work here, and instigation attempts from the website owner.
@7zai: If you don't like how this site is run get off your lazy duff and start your own.
It is an independent, for profit site. They can do whatever they want with people using it.
Notice how truthful posts are taken own? Begs the question: What do they have to hide and how they control the speech you believe you have the rigt to exercise?
@1loo+1tcIhRn2- no 401k or other investments?
@3dyj, ????
The IT rebuild now begins. Let’s hope it isn’t too late. Culture and leadership have been decimated but I am optimistic we can try to right the ship.
He is already forgotten. Moving on from the Grover Cleveland of CEOs.
The OP is so smart he “retired” with half (35 yrs) of a pension. Genius just genius.
That is your answer on how to fix?
who cares, its the board of directors driving this ship. so they hired a captain no one liked because of where they instructed him to steer the boat. Start where the problem is, the board of directors, they made the call to sell the company's legacy for short term good numbers.
OK genius….. give us your recipe to fix it all……...that’s what I thought.
well just saw on linkedin F-kwad got a promo and will be around to sc--w more sh-t up... 27 billion pffft by the time all of the hogs get done at the trough state farm will be all but gone.
The OP cannot structure a sentence properly or spell but believes he knows how to run the Company. Hilarious.
Curious, what would you suggest? You complain the new CEO has an accounting background and is tie on funding, but then complain we have multi billion dollar losses? You complain about our losses, but then complain we’ve raised rates and premiums are going up (which they are across industry).
Agents always lose customers because no insurer has 100% retention. But we’ve grown nearly 10 million accounts the last few years and already are up about 1 million total new accounts this year:
Instead of complaints that contradict themselves, what would you do as CEO? What’s your plan to reduce costs, keep premiums level, earn a profit, keep customers and employees happy?
It’s easy to complain.
What is “loosing” ?
Who is Tipsford?