Howard Simpson counts himself among those on the chopping block.
An Allstate agent in central Ohio from 1967 until last month, Simpson said he was asked to either sell his agency by Jan. 1 or accept a $130,000 termination payment. Allstate was unhappy, Simpson said, because the number of policies in his portfolio fell 1.5 percent, or about 30 accounts.
"I had negative growth, but the company's was down more than that," said Simpson, 68.
In 2008, Allstate saw a drop in policies on its books — down 1.8 percent for autos and 4.2 percent for homeowners — as well as a loyalty score shy of company goals.
When an Allstate manager issued what Simpson saw as an ultimatum, his gallows humor kicked in: "I'm assuming Tom Wilson will be leaving the same day I'm leaving?" he said of the chief executive of Northbrook-based Allstate.
The National Association of Professional Allstate Agents expects Simpson's lament to become increasingly common in coming years as more agents are let go.
"We believe Allstate is planning to eliminate between 3,200 and 3,300 agents by 2013," said Jim Fish, the association's executive director.
MOre Here
I guess you're not in "good hands" with Allstate anymore. Now show 'em your tall fingers!
ReplyDeleteI guess their deep-voiced alpha male spokesman hasn't turned things around for them. I hate that ad and I turn the channel when it comes on, and I'll bet a lot of other people do that same thing.
ReplyDeleteTo hell with Allstate. The truth can be found here on the coming depression blogspot. Again, to hell with Allstate
ReplyDeletethey are finally going to shed non producing locations as any prudent business should do. efficency will be paramount to survival in this new economy.....
ReplyDeleteThe reason why they are losing business is because they charge too much for their policies. Hope they get a clue.
ReplyDeleteI'm with anon. 1:50, to hell with allstate, I paid them for 15 years, had 1 $2,500 claim and they dropped me! 3 of those years with an sr-22, I estimate I gave those crooks AT LEAST $20,000 (very conservative est.)
ReplyDeleteIt's getting uglier out there for jobs. I hope I can keep mine for a while longer, working as much OT as I can, and converting as much excess fiat to gold and silver as possible.
ReplyDeleteInsurance is, more or less, a big swindle. 5:58 is a good example. Go with Milemeter.com for auto insurance.
ReplyDeleteI was a claims agent for 33 years and fired for made up reasons. However, ruthless persons usually suceed in business. Bring on the unions and save the little people.
ReplyDeleteI was fired after 33 years in claim.
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