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Federated Insurance

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Federated Insurance

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Federated Insurance Reviews

Updated Nov 22, 2021

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Found 173 of over 177 reviews

3.9
74%
Recommend to a Friend
85%
Approve of CEO
Federated Insurance President and CEO Michael G. Kerr
Michael G. Kerr
23 Ratings
Pros
  • "Training program will set you up for success(in 17 reviews)

  • "Great Training Many are called few retire in the Marketing Representative Position(in 12 reviews)

  • Cons
  • "They have said they will never have a permanent option to work from home(in 6 reviews)

  • "Upper management is disconnected from reality, or pretends to be for their own reasons(in 6 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Ratings by Demographics

    This rating reflects the overall rating of Federated Insurance and is not affected by filters.

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    1. 5.0
      Current Employee, more than 10 years

      The best

      Nov 21, 2021 - Regional Claims Manager 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Excellent management who make common sense decisions.

      Cons

      Federated is a very good company.

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    2. 3.0
      Former Employee, less than 1 year

      Culture shock!

      Nov 22, 2021 - Claims Representative 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Decent pay and benefits Family like co-workers Snacks and food in the office often Decent amount of autonomy working claim files.

      Cons

      CEO and execs very out of touch with everyone else. The CEO came down to our office and basically gave several non-answers to some tough questions…. Disgracefully shutting down questions. Yikes! Very embarrassing to see! Very much a good old boys club at home office. Making people fly during covid. Way too many forms and processes for every damn thing you’ll ever do!! Very soul sucking and makes the company seem very robotic. No back-up adjusters… so, plan on taking a vacation? Good luck with the stress of having nothing worked on your files when you return!! I took two weeks off and came back to almost 100 tasks. While pay is decent, starting pay is the same for experienced/non claims experienced employees, which is a bit degrading to me. No WFH or hybrid environment. You must report to office.

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      1 person found this review helpful
    3. 5.0
      Current Employee, more than 10 years

      Amazing Culture & Many Advancement Opportunites

      Nov 5, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Federated is a place where you feel like a part of a team. Your supervisor, manager and upper management want to see you succeed. Performance matters. We are going through a time of many retirements where people are leaving after 30+ years with the company, so there are many opportunities to advance. Face to face, eye to eye contact is not only important to our policyholders but as a corporation, we are highly productive and better together!

      Cons

      Federated is not for someone who wants to work from home but if you are looking for the total package and to set you up for retirement, this is company for you. There is flexibility but we have an office environment.

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    4. 4.0
      Former Employee, more than 3 years

      Great place to work if you're the right kind of person for the present culture

      Nov 7, 2021 - Systems Developer in Owatonna, MN
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Competitive salary when adjusted for cost of living in Owatonna. Excellent benefits (e.g., fully funded pension which could cover a modest retirement even without adding your own savings, extremely cheap health insurance with solid coverage compared to most places). Flexible schedule, as long as it doesn't include remote work. Great sense of community and purpose. Insurance is important work and Federated does it well. Mutual company (owned by customers, no shareholders to kowtow to). Almost without exception, people are friendly, helpful, honest, and easy to get along with. Good opportunities for internal advancement and lateral moves, if you get tired of what you're doing and want to try something new. High stability. People always need insurance and Federated is in a solid financial position. As long as you do your work and nothing cataclysmic happens, you'll be able to spend your entire career at Federated, and many people do. Training program is perfect for people right out of school with no industry experience yet – several months paid adapting to corporate life and figuring out how to put your education into action. Day-to-day work is mostly well-defined and the right level of difficulty. Some opportunities to innovate if you are adventurous enough to go against the grain.

      Cons

      Leadership is deeply out of touch with the twenty-first-century workplace and sometimes dysfunctional. Common sense has been repeatedly ignored during COVID for vaguely defined “culture” reasons, getting employees sick. Absolutely no willingness to consider any kind of remote work, even in the face of losing most of the company's best talent. Frustrating lack of transparency and paternalistic attitude toward employees. Management often approves proposals and then makes employees defend them again mid-implementation. Lack of diversity. Leadership is almost entirely white men and other staff isn't too much different. Granted, it's tough to build a diverse workplace in small-town southern Minnesota, but still frustrating and a significant weakness in perspective. Conservative and reluctant to change. Technology stack badly out of date in some places (but catching up or even excellent in others). Probably not worse than an average financial services company. Many positions in the IS department involve less “development” and technical work and more configuration, maintenance and administration than you might expect from the job title; some are very far on this side of the continuum. When starting in the training program it is impossible to know what type your placement will be because most hires are not made for a specific position. (That said, historically they seem to be good at matching people to positions that fit them well.) Expectations for work hours are varied and unpredictable. Some departments and teams work ~40-hour weeks indefinitely, others have significantly higher expectations or mandatory overtime for years in a row. Mediocre project and work management. Limited social opportunities in Owatonna for people without a family. If you want to live somewhere else, you'll be spending a lot of time in the car.

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      2 people found this review helpful
    5. 1.0
      Current Employee, more than 5 years

      Covid revealed all they want is control

      Aug 24, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      *Management is full of themselves and think they do no wrong. They cancelled a big employee meeting due to Covid but are still promoting a huge company wide party in the fall where people get plastered. Everyone knows it’s because they don’t want to answer work from home questions. *No work from home *Living in town is a penalty and you’re ALWAYS expected at the office *very cult-like *The newer generation of management is people who lived life “right” and looks down on anyone from a different background - this alone is going to cause the company to crash and burn *”If Federated cared about anyone here, we wouldn’t be in the office” direct quote from a manager *No consistency in Covid protocols and have stopped listening to the CDC now that it doesn’t fit their agenda *Plan to be blacklisted and never find another internal position if you are vocal about your disagreements with management * Very conservative * Gave us casual Fridays to try and stop the amount of people leaving the company. Was told by manager we HAVE to wear jeans to make senior leadership happy

      Cons

      See above cons outweigh any positives by miles

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      6 people found this review helpful
    6. 5.0
      Former Employee, more than 1 year

      Great company

      Nov 12, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great place to work and get training.

      Cons

      High goals to be met.

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    7. 5.0
      Former Employee

      Good Place to Learn the Business

      Nov 4, 2021 - Marketing Representative 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Excellent culture of training and expertise driven sales.

      Cons

      Life Insurance and DI are the major focus.

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    8. 5.0
      Former Employee, more than 10 years

      Great company to work for

      Nov 5, 2021 - Computer Programmer in Owatonna, MN
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great company to work for

      Cons

      None that I can think of

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    9. 5.0
      Current Employee

      Great company

      Oct 30, 2021 - Marketing in Huntington, WV
      Recommend
      CEO Approval
      Business Outlook

      Pros

      High earnings flexible work hours

      Cons

      Very challenging and competitive environment

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    10. 1.0
      Current Employee, more than 3 years

      Great at first until you learn better

      Oct 29, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      401k Pension That’s it. See cons

      Cons

      Working here is like working in an old white men’s club whose sole purpose is to find younger, likeminded white men. Sprinkle in a few women in higher up positions, maybe a minority or 2 to satisfy the quota and you’ve got it. They are so stuck in their ways it is absolutely ridiculous. If you question anything, be prepared to never move up. They will give you BS reason after BS reason on why you aren’t being promoted and then hand the job off to somebody with literally 0 experience because they feel they would “fit better”. Their take on the covid 19 pandemic was pathetic and abysmal. They had us back in the office 100% 5 months into the pandemic when it was very apparent we didn’t need to be. When outbreaks would occur in the office, they would still make those who came in contact with that person stay at work. I personally contracted covid from a coworker a week after receiving an email that I came into contact with an infected coworker but that the company didn’t feel I was with that person long enough to contract it. We sit next to each other 8 hours a day??? Higher ups seem to have been brainwashed. It almost seems as if once a person gets into a supervisor role, they all become robots. They all say the same phrases and spew federated culture like it’s Jim Jones’ kool-aid.

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      7 people found this review helpful
    Viewing 1 - 10 of 173 Reviews

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