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The Allstate Corporation Message Board

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  • spanishmackerel1957 spanishmackerel1957 Sep 29, 2004 9:25 PM Flag

    Allstate expects $425M hurricane loss

    425M is not a thing to Allstate And I know this out of fact not BS as some on this board. After a 21yr employment run as an agent in FL.,I can till you after Allstate in 2000 revanp there agent relations, the management said that by making these changes the company was saving 625M a yr. How? they push all the expense to the new Captive Independ Agents.This was not the iceing, the new program has reduced comission and put more stringent requirement in operating their business.This all added up to a big win for Allstate! Not to over look what I said in posting 46681.This company will not blink an eye to these losses.

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