Any one thought of that? How many will pull their policies? The younger generation do not have loyalty. They all have cheaper insurance through other companies. So what happens then.
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I'm pulling my policies, my friends and family are pulling theirs, and pretty much everyone in Tacoma is super pissed at SF for leaving; they are going to lose a lot of business for leaving the city in the lurch on short notice.
Pull your policies. You give your dollars to SF who is more expensive, doesn't have the world class service we used to. Go cheaper, save your money and make sure you are in a good financial place if you ever have to leave SF or get tossed out. Loyalty to the employees is a thing of the past. They say 'personal decisions have to be made by our employees'. Well dangitt I got to make the personal decision to stop feeding the giant and save for me and mine. Especially since the level of disorganization and moral corruption are running this company into the ground fast.
Just got a few quotes tonight. For my family of three drivers the gecko saves me $1571 per year over SF.
Have had SF for 27 years.
I worked at the Farm for over 15 yrs. I never had SF insurance because they were 30%+ more than my existing policies. The OP supposes that younger generation will move their policies due to cost and a lack of loyalty. If they priced elsewhere, they would have never had SF policies to begin with.
I kept some policies with SF because even thought they were many times higher, because I thought the claims service if needed was superior and somewhat because of loyalty. I have found out that that to not be the case, as their service is not superior and upper management has no loyalty.
true story: two people leave work at state farm, and one rear ends the other. Both employees have GEICO. funny thing is the claims experience was amazing! GEICO had a rental car agency right there on site and we were in and out in under 10 minutes. We tried to get SF home owners and auto when we moved here, but SF wasn't even competitive. Good luck Blono you're going to need it. Glad I left you when I did, not mention I am no longer freezing my butt off!
Not to mention $30 cheaper? That is the only thing you said even worth mentioning.
I cancelled my insurance with them last year, about 6 months before I quit. I refuse to support a company who treats their employees like this......not to mention my auto is $30 cheaper a month now.
I've been planning to cancel mine after so many years because I've seen the mistakes going on from the inside. Also, I know all about legitimate claims being denied because people are in a rush to make numbers and the lack of experience in some cases. I can't risk my livelihood being on the line.
That makes complete sense. Don't get rid of the 60,000 salary drain on the company because you don't want the lose the $400 in premium. Sound like an excellent business model to me.
The OP is correct. Many employees have multiple policies and also do business with the bank. Losing employment will not make them loyal to the Farm. Quite the contrary. The impact to policy counts will occur.
They get insurance from a different company, or they won't?
Look, I know things are crazy right now and a lot of good people are potentially going to lose their job, but their being a policyholder does not, and absolutely should not, have anything to do with it.
Joe the customer and Joe the employee are not the same person. You may wish it were otherwise, but it's not, and for good reason. You can't run a business like this and treat customers differently because they're employees. Skip the fact that it's absolutely illegal from a regulatory standpoint -- it's also a real good way to get yourself into a pickle whether Joe has the ability to directly influence his policy in ways that blow past damn near every ethical boundary.