Bankers Financial Reviews

Oh, where do I start? First, there is the constant reshuffling of the executive level. Then, there is the old-school way of doing business the way the founder liked everything. Then, there are all the witless family members of the founder who have cushy jobs that they are totally unqualified for.

Where do I begin. There are constant changes in the Executive Leadership Team, which makes it difficult to determine what the company goals and objectives are. In the past few years, there have been 5 or 6 CFO's, 3 or 4 Presidents (the most recent one not even having a college degree), 3 or 4 CHRO's, no CIO, no COO, no Chief Actuary, no VP of Business Intelligence, no VP of Personal Lines Product Management, and the CEO is a radiologist who has no experience in insurance whatsoever. Most people just walk around and talk all day, and they are praised for doing so. I guess this is what they mean by "collaboration". Mediocrity or "less than meets" expectations is actually rewarded here. The company has engaged in some practices that are completely "unethical". Back in the mid-90's, they had a private investigator follow the commissioner of insurance and wiretap his phone. Through this process, they discovered the commissioner was gay (and not openly gay), and tried to use this as blackmail against him. It resulted in the company paying out restitution to the state of Florida of $1M, and a $2.55M settlement to the commissioner for invasion of his privacy. You can Google it there are articles all over the internet explaining it. This ship is sinking fast!