Thread regarding State Farm Insurance layoffs

Example of business practice that ensures a slow demise of SF

Had a house and auto policy for a couple of years with SF. Then suddenly the rates started to increase. There was no change in customer information that would have justified this increase.
Agent could not answer why other than the standard SF scripted response.
Told agent we would move to Allstate and the rate was comparable to what we had started with SF.
Agent of course bristled and said well they will raise your rates even faster and in a shorter amount of time. Well that didn't work. Sadly the agent has left mother earth.
"Drive safe save 40%"

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| 1227 views | | 8 replies (last )
Post ID: @OP+166W7EkC

8 replies (most recent on top)

@3vet......Late 80’s? Don’t think so. If your name was Mecherle, or later, Rust, you could pass the whole company on to your kids. But you never could pass an agency that you built by yourself onto your kids.
I came on in the late 80’s myself. I was never related to anybody at State Farm but still made my way. I saw a lot of SF employees marry each other (and dated within the company several times myself) and then as their careers progressed, there were cries of cronyism. But most of the time, a realistic look at the situation said these were both career State Farm people who happened to be progressing on a normal path. And seldom were they even in the same local chain of command.
The real shame is just that State Farm is not a realistic, long term career for people any longer.

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Post ID: @4tyj+166W7EkC

Slow demise....been happening since late 80s early 90s. Was once a place people begged to work at and came highly recommended by its employees. Today all retirees and most employees would NOT recommend it as a "good place to work." That by itself makes it a failing company. Sad when you hear retired and current employees say it is no longer a career and "they don't care about you." That's the demise of any business.

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Post ID: @4fgp+166W7EkC

SF "was" one of the best and most intelligent businesses in the industry. Then, they promoted family, friends, and to meet quotas. They did not promote on work ethic. This all started in the late 80s. Now the devil has come to collect his dues. The demise of SF is self inflicted. I didn't do what my father did because I wanted to do something different. This ethic is not e.braced at SF. No business stays afloat on cronyism.

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Post ID: @3vet+166W7EkC

Rating using national insurance data and risk using redlining Most likely (Lotsa Hans I. That pocket and may be exploring many potential and existing policyholders). Systems and AI

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Post ID: @2srk+166W7EkC

https://insurancenewsnet.com/oarticle/state-farms-record-breaking-growth-linked-to-racketeering-enterprises

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Post ID: @2mzy+166W7EkC

SF = legalized mafia and RICO violators. Does that explain the demise?

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Post ID: @1ygg+166W7EkC

@OP+166W7EkC wait until you have a claim and take it hard up the a– from their claim department.

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Post ID: @kjx+166W7EkC

Allstate can afford it since they outsource everything to India. Thanks for shopping USA.

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Post ID: @vjn+166W7EkC

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