National enquirer is reporting this morning in local supermarkets that Tom Wilson is out and that Kendall Roy of Waystar will be announced Tuesday. Official news to be released at 10pm est.
TW retinggton 9-1-23
Article on Forbes online from 10:30 states rumours are circulating that TW will be stepping down as Allstate CEO on 9-1-23 and a woman I’ve never heard of will be taking over. Smart move by TW getting out soon as stock is dropping fast and employees... — read more
Fitch downgrades Allstate paper - heading towards junk
Downgrades across the board Series J offering is a "BB+", which isn't good https://www.insurancejournal.com/news/national/2023/05/23/721909.htm
Remember the old ads
The old Sears ads said, “Kenmore..solid as Sears.” Remember??? The Allstate marketing team should make use of it now… “Allstate….solid as Sears.” If they did, Allstate ads would actually speak to the truth of the current situation… Tommy Wilson….a... — read more
Think Brandt will get the CEO job
I think he will
Allstates pricing scheme
Another state is standing up to Allstates pricing shell game to overcharge loyal customers in order to drive retention by charging lower prices to higher risk… “Michigan regulators are asking insurance giant Allstate pointed questions about its car... — read more
I would like to welcome the newest contributor to The Layoff Allstate Insurance, Mr. Terrance Williams. Mr. Williams was canned on 5/23. We are still waiting for Allstate to announce his retirement. But we know the truth, you were kicked off the... — read more
This sh-t show of a company is only as good its it’s leader. It’s lead by a Chicago Sc-mbag CEO. What do you expect…. Stock prices taking a huge decline! Record loss last year & 1st quarter,,, soon to have record loss for 2nd quarter. I see... — read more
So sick of constant being scolded.
Like we are in kindergarten. Go to break at 0:00. Got to lunch at 0:00. Go to break at 0:00. Make sure you log out on time. But don’t work past your time. But make sure you hit your numbers. And don’t forget to raise your hand to go potty. — read more
Everyone has given up
I do not know one person including leadership that takes anything they do seriously and no one has any ambition to try and fix this company. Everyone I know and myself are just going through the motions to get that green every two weeks. We know we... — read more
Fox Business on Sunday
…….so the Fox Business show on Sunday listed the different vendors which Allstate is utilizing, there are 3 of them. All 3 are doing the same thing, offering to re-badge employees of Allstate with the “guarantee” of at least 6 months of full time... — read more
Attn: Former EA’s that left June ‘22
If you accepted TPP in June of 2022 voluntary/involuntary: The Duck does not have a beak. I repeat- The Duck does not have a beak.
Do you trust your SVP/EVP?
Or are they out to fire us any chance they get?
Let’s try to be real on this crybaby site for once. Transformative Growth was announced about 4 years ago. It was pitched to lower the expense ratio to make the auto product more competitive and make up market share differential with Geico and... — read more
Mario Meeting Highlights
Deflections. A big lack of seriousness all while almost mockingly teasing cost cutting and "transformation" which we all know what that eventually means. This guys is such a stooge so far out of his league. Pretty sad when this goober makes you kind... — read more
Enterprise Risk Management is a Mess
Department has been restructured so many times over the past 2-3 years that no one knows what they are doing. Sure, there are parts of the org that work, but most of it is a bunch of Directors trying to make their VPs happy and either running with... — read more
Trying to meet the metrics
I am stuck here, unfortunately. Is it worth putting in the effort and trying to meet the metrics?
Has anyone that was transferred to WNS been asked to take a different role with WNS outside of insurance
I have just seen posts on here about it but I haven't heard anything from work. Can anyone clarify if it's true or if there is a timetable?
"Accelerating Our Transformation"
Just get to the point Mario. Let those lay offs fly Big Boy!
So my Concentrix letter came in the mail yesterday……I am being offered a job at the same salary but with no job title? It states they are evaluating all roles and will place me where they feel I am needed. They also state since I am being offered a... — read more
Are there any “glass 1/2 full” viewpoints?
What are we missing? Any firsthand knowledge of transformation that can be a game changer?
Has anyone been given any official notice of this happening? Does anyone know what areas this be hitting? Other than here, I haven’t heard anyone talking about it.
With June 1st just 3 weeks away, can anyone provide additional info on underwritings previous comments of 30-40%. Will agents be notified? Is this only certain states?
It's become really depressing to work here. I get the impression that none of my colleagues care anymore and everyone is doing the bare minimum while looking for other opportunities. At the same time, despite everything, I still love my job and... — read more
What are the odds of severance anymore?
We all know that further reductions and eliminations and movements of positions offshore and to vendors is going to continue until this company gets everyone it wants eventually out the door. Obviously they don't care if any of us stay or go, live or... — read more
Subrogation jobs going to India
Less US jobs will be needed in Subro as jobs go to Allstate India
Blaming the inflation
The leadership here never takes responsibility for their stupid decisions and we are used to that. However, when they blame inflation for bad results, they should be aware that people will eventually start asking how come inflation affects... — read more
Is Agency Services totally automated now?
Whenever our office chats in we get quick seemingly scripted answers almost like they are from a bot. We regularly get transferred even before we can explain what we need. This happens with asic and rmbc and we know they were getting rid of those... — read more
The Shapiro Slide continues
Results clearly indicate his actions set this place back. Profitability challenges in auto can be traced to significant downsizing of claim professionals in 2020; transition to photo and video estimating at scale of vehicle damages have shops taking... — read more
Some Allstate India roles/employees to rebadge to Concentrix
Later in 2023 several departments at Allstate India will rebadge to Concentrix employees as Allstate India prepares to take on a predominate role in Claims functions. Claims classes and licensing within Allstate India has been underway for several... — read more
Allstate is in trouble
Progressive, Geico, State Farm, and Liberty Mutual were all profitable with their most recent earnings. Allstate leadership is running a once great company into the ground. Allstate is outsourcing many employees to vendors and still is bleeding... — read more
Any new info on who's next to be laid off? When?
Interested piece on Fox Business this morning where they listed Allstate stock as one of the 5 worst performers in 2023. The stock value has dropped 42% since last October and they predicted it will continue to decline throughout the rest of the... — read more
What are we doing here???
Can someone explain how vendors inspecting losses multiple times, higher supplement activity than ever, and still paying a licensed adjuster to settle claims saves money vs just sending an adjuster to get it right the first time??? Damn sure doesn’t... — read more
Forbes online had a blurb about TW stepping down as CEO on 9-1-23 to take over Geico? Interesting move I think.
Miserable Earnings and More Losses
Why does this company continue under the disguise that everything is A-OK? Do they actually think the employees, the customers, and the investors are that stupid? Do they have that little respect for everyone else that they think these lies and... — read more
Per Bloomberg Allstate losses more than expected. $342 Million loss in Quarter 1
No wonder why the town hall with Zuniga today was like a funeral where she flat out said we are not in good shape financially as a company. Haven't heard any senior leader that blunt in talking about the financial status of this company.