Allstate Targets Fired Tech Workers in ‘Transformation Strategy’

Allstate Corp. plans to tap the pool of recently fired tech workers to help the insurer overhaul its business.

The company — best known for auto and home policies — is investing in technology including artificial intelligence and telematics, which sets premiums based on customers’ driving habits, to help it tap new clients and markets. Massive job cuts at tech companies could make the hiring search easier, according to Chief Financial Officer Jess Merten.

Jess Merten

Source: Allstate

“We’re looking to sort of upgrade talent throughout the organization, so there is an opportunity as folks get let go from other places,” Merten ...