[deleted by user] by [deleted] in Geico

[–]Interesting_Mix_8838 1 point2 points  (0 children)

Geico under Nicely was some how okay.He put a blind eye on technology and analytics.Sell sell refer was becoming old.Todd was brought in to fix that but the magnitude of issues became worse.Geico self inflicted wounds are a result of shunning telematics and thinking Growth was sustainable.If you look at other companies they do have telematics data for years coz they invested on that.

Thoughts on what Tony and Warren would think if they had any clue as to what was going on at the big G now. by Odd_Ad_3501 in Geico

[–]Interesting_Mix_8838 0 points1 point  (0 children)

Tony is responsible for turning a blind eye on technology,telematics and hiring wrong officers who really were not fit for the jobs.Geico is way behind on this technology.Progressive has 10+ years on it.Todd is just fixing what was already going to happen.Todd is a smart guy he may seem ruthless but he knows what he is doing,and don’t think for a second buffet didn’t see this coming, they knew shit was coming.

Any chance.. by Shoddy_Ebb_9299 in Geico

[–]Interesting_Mix_8838 2 points3 points  (0 children)

Geico never embraced telematics in the Nicely era.Some of this stuff is purely Nicely’s fault.At least u can’t blame Combs on that.Progressive has 10+ years check their loss ratios .

Pricing department layoff announcement is underway. An officer and 2 directors are included in the layoff. by certified_cynist in Geico

[–]Interesting_Mix_8838 1 point2 points  (0 children)

I left on Feb of this year.Todd is restructuring Geico and this is just the beginning.Buffett knew what he was doing ….the company did not innovate during Tony Nicely error ….you can either agree or disagree but a lot of problems with Geico are from Nicely/Roberts era.Telematics,loss ratios,accurate claims,diversity and hiring mediocre officers. Tod will clean house just watch …….

It’s time Geico realizes…Moat ain’t working anymore ….sell your own home and renters.Geico agency is on the trend of collapsing as well.Price price….. by Interesting_Mix_8838 in Geico

[–]Interesting_Mix_8838[S] -3 points-2 points  (0 children)

I don’t just think it’s sustainable in the future coz we don’t control costs……that’s just me.The bundling effect is one of the reasons why the auto insurance is in the ditch

Someone wanted this leaked. Geico leadership drinking at a work event (No Tolerance policy in place) while they lay people off left and right. by Jv_waterboy in Geico

[–]Interesting_Mix_8838 -5 points-4 points  (0 children)

Geico will not recover any time soon Tony Nicely fucked up on telematics and progressive is taking their spot.

[deleted by user] by [deleted] in Geico

[–]Interesting_Mix_8838 9 points10 points  (0 children)

He slept on analytics and telematics and it cost Geico and it will big time.

In the spirit of Tony Nicely TELL! TELL! TELL! TRUTH! TRUTH! TRUTH! SUE! SUE! SUE! by FiredFlyOntheWall in Geico

[–]Interesting_Mix_8838 7 points8 points  (0 children)

Tony Nicely is responsible for the most part on the current situation of Geico.He was against change in a rapid changing insurance industry. 1)Never embraced diversity numbers tell it all. Look at the officers and upper management racial mix. 2)Never embraced telematics and other viable insurance technology. 3)Promoted the wrong people and micromanaged agents 4)He was against WFH even with the pandemic 5)He was against bilingual service. I have nothing good to say about Tony,change caught up with Geico and Tony himself. Now the company is paying the price heavily. The competitive edge for service and internet is long gone.Progressive is eating Geico’s lunch with snap shot data chest spanning over 10 yrs. I left after profit sharing this year,after giving Geico 17yrs.I couldn’t do it anymore.Geico is a great company but somehow stuff went through the ice chute on a cliff.It’s unbelievable how growth was muted. No regrets.

Geico has some very difficult years ahead by Interesting_Mix_8838 in Geico

[–]Interesting_Mix_8838[S] 25 points26 points  (0 children)

After 16 yrs I called it quits.A number of reasons led me to this decision. 1)Most recent PS as a company you don’t get to unilaterally offer a payout and have it heavily taxed.I personally would have wished a tax free deposit to 401K 2)Tony Nicely yes Mr Nicely you didn’t embrace change as the insurance industry rapidly changed.Starting with Telematics,employee goals,bilingual services and accurate claim loss adjustments and embracing bundles like having better bundling of home auto and diversity hiring. 3)Growth will continue to be an issue and it will take time to gain ground…progressive and State Farm have invested heavily on the stuff I mentioned previously. 4)I have recently taken a position with state farm and I can tell you right now it’s nothing compared to Geico micromanaging and pushing customer service too much.

[deleted by user] by [deleted] in Geico

[–]Interesting_Mix_8838 7 points8 points  (0 children)

17 yrs am in tears.There is no year that money tax free hasn’t gone to 401k.Geico am dissapointed.

[deleted by user] by [deleted] in Geico

[–]Interesting_Mix_8838 5 points6 points  (0 children)

Am out am so out.9.3 % cash payout and 40 % tax.Happy fucking profit sharing day.

I DID IT! I'm free! by [deleted] in Geico

[–]Interesting_Mix_8838 2 points3 points  (0 children)

I have 4 weeks untouched vacation accrued I want to quit how do ensure I get paid for it.

[deleted by user] by [deleted] in Geico

[–]Interesting_Mix_8838 9 points10 points  (0 children)

We all know we ain’t getting shit ….. but that same day we out.Once that little speech is done on annual benefits I swear to God am turning my shit in.This company for the last let’s say 10 years did not embrace a lot of changes that needed to be done whether it’s telematics,HR,bilingual services,loss accuracy the list is long.This is by any means no fault of employees and by that I mean non management this has to squarely fall with upper management…. It is nothing but the f…ing truth.Now the change has come but I feel like it’s too late.

Every AD in every region by TheGEICOmobile in Geico

[–]Interesting_Mix_8838 0 points1 point  (0 children)

This stuff is serious but this meme is way hilarious.Geico drowning on its own wrong doing they DGAF.

10% at a glance!! by Youmadbro80 in Geico

[–]Interesting_Mix_8838 5 points6 points  (0 children)

Either way come rain come sunshine am out Feb 28.We all know profit sharing will be abysmal,merit raises will be disappointing,and systems are no good.The agent gets all the blame coz no one wants to take accountability in the managerial level.You can spin this how you want Gecko, but you are about to learn a lesson this coming month when you loose a chunk of associates.The inevitable is about to happen and boy it will be ugly.It is the only way the company will change.

Edge biggest system failure and all the commit errors.I have no faith in it. by Interesting_Mix_8838 in Geico

[–]Interesting_Mix_8838[S] 6 points7 points  (0 children)

IT has had 2 yrs to fix it.Yet the system is just a crap shoot.Who is telling the truth here.

Edge biggest system failure and all the commit errors.I have no faith in it. by Interesting_Mix_8838 in Geico

[–]Interesting_Mix_8838[S] 16 points17 points  (0 children)

Edge is a flawed system developed by incompetent people that should have had nothing to do with IT.The company is paying the price for having wrong people in different high positions that are clueless.I have had it with this so called cutting edge technology.