Pros
They attract a lot of really great talent. The supervisors are great. Continued education is paid for by the company. Starting wages is competitive.
Cons
While I was there an office closed, a department in the main office was shut down, a few very large books of business were sold. This was the first company I worked for I really felt scared for my job since the financials and ratios were so bad. Benefits were drastically cut. Health insurance isn't great. Probably some of the worst management I've worked for. The upper management and executives are questionable at best, incompetent at worst. It started to be a running joke that a new vice president of something was hired every week. There are almost no promotional opportunities. An old UNIX based claims system is still being used for 80% of the work. It made an already stressful situation even more stressful.