I’ve talked to a long tenured peer at Allstate. There have already been folks in ESU Legal and Underwriting that have been given their 60 day walking papers. It’s my understanding that the severance package is 2 weeks pay for every year of service, capped at 1 year pay (by default, there simply aren’t any ESU people in that category, unless they were former Allstate employees). The question is, do they go back to your ESU hire date, or the Oct 2011 Allstate acquisition date? Anyone have any firsthand knowledge about this?
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Hello- Underwriter here. Thankfully, it is based off your original Esurance hire date, and not the Allstate acquisition date.
I cannot confirm the Esurance legal piece that the OP presents but I do know some Esurance underwriting have been given their notice as well as some in Esurance claims.
It is my understanding that your ESU hire date is what they use for any determinations for tenure, severance, etc.