Then soon after the Transformation Hits the Fan
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Fun fact: there's something called "The re-insurance market" that competent insurers use to mitigate CAT losses. Of course "competent insurers" also have effective underwriting guidelines that help keep their RE costs down.
The market is already anticipating bad news. It's baked in the price already since the cat release. Disgruntled employees past and present need to get a life.
Time to "lift and shift" Tom and the rest of the leadership team to a vendor to avoid paying severance.
Claims is sure to get hit hard. They’ve been an absolute joke for many years now. Terrible customer service.
We don’t have regions any more and sure don’t have four levels of VPs in claims. Where are you seeing this on an org chart? It’s inaccurate.
The excuses will be beyond laughable this time around. They need to start cutting the fat. There is no viable reason to have 4 levels of regional and VP levels in claims. A 50% cut of these do nothing thank you sayers need to go. A total reorganization and redesign is bound to happen. Too much revenue has been lost
We are about to hit the day of reckoning. The house of cards falls completely in the next 2-3 quarters.
Allstate will not exist by 2025.
LR will be highest in company history. New business will be turned off at some point
This will be a record Q2 loss. 🤣
Nothing left after Wilson destroyed everything in sight