Search for: "The Allstate Corporation"
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14 Apr, 2008 6:58 am
The Allstate Corporation, one of the the nation's largest publicly held insurance companies, recently
released approximately 150,000 pages of documents pertaining its review claim practices from the 1990s. Although, some media ... and for allegedly violating Kentucky's Unfair Claims
Settlement Practices Act. The outcome of the two week trial was for the Defendant, Allstate. According to several published reports, the jury
came back with this verdict after deliberating for a short while. One can ...
4 Nov, 2008 1:28 am
Allstate Corporation has released a statement for current and prospective policyholders and
structured settlement stakeholders containing useful information about the organization, its philosophy and finances. The information is not intended for use in the State of New York
where a separate statement is forthcoming. Simply click the link below to download to your computer. Download allstate_3q_2008_ceo_good_hands_message.pdf
30 May, 2008 10:21 pm
... in an important case involving the proper incorporation of health care corporations that provide licensed services to the public. The case is Miller v. Allstate. The major issue Miller is whether those providing a service requiring a ... should have incorporated under the PSCA since its business involves
providing professional services that require a license. Allstate took the position that that the physical therapy company's incorporation was
defective because it was incorporated under the BCA ...
30 Sep, 2008 3:35 pm
... a broad cross-section of insurance companies in a wide variety of factual scenarios. During the handling of thousands of claims, the true corporate color of an insurance
company shines through. And after reviewing a high volume of claims documents recently, the ... are resentful that their outrageous claims were not paid by the company. However,
Allstate's rating was not solely the result of a "boxing glove" corporate policy of lowballing legitimate claims made against its policy
holders, although ...
19 May, 2008 10:36 pm
... 1,100 Agents in Florida. Judge Paul Hawkes wrote the following scathing remarks for a unanimous three-judge panel: "Allstate's willful,
indeed potentially criminal, failure to comply with its disclosure obligations has prevented OIR from adequately investigating its reasoned ... documents. It's unfortunate that it takes
a succession of court cases . . . to get their attention." One can only hope that Allstate lives up to their corporate slogan "you're in
good hands with Allstate" and they are not ...
7 Apr, 2008 9:34 am
... a computer program designed to reduce payouts by as much as 20 percent of what the company once paid for the same injuries. Second, Allstate pushes policyholders to accept quick settlements without the help of lawyers. Policyholders who try to fight for more money ... , Allstate had doubled its legal force, hiring 225 more lawyers. "The bottom line is that Allstate is trying more
cases than ever before," a corporate newsletter said . . . For full post from Slabbed click here. Bloomberg.com's article ...
15 Dec, 2006 7:06 pm
... Company Advanced Funding Exchange Notice (AFEN rider), attached to all structured settlement annuities funded with Allstate (also extended
to structured settlement annuitants prior to the introduction of the AFEN), which provides controlled liquidity to an ... who want to sell their structured settlement payment rights (2)
That Allstate is as aggressively in the structured settlement factoring business as Symetra is with Clearscape Funding Corporation, and therefore they should be kicked out of the ...
8 Aug, 2007 5:20 am
... final opinion in Miller v Allstate Ins Co, 2007 Mich App LEXIS 1441. In sum, the Court ruled that where a professional services business
can be incorporated under the Michigan Professional Services Corporation Act, it must be ... . Where a business is incorporated under the MBCA,
stockholders are not required to be licensed to practice the profession in which the corporation engages. By contrast, where a business is
incorporated under the MPSCA, every stockholder must hold a valid Michigan license ...
25 Jun 6:32 am
... bonus", & other cute deductible programs through a commercial or website. Reminding people they are in "Good Hands" with Allstate.
Those "Good Hands": garnered the #1 spot as the worst insurance company in 2008; have a website entitled Allstate Insurance Company Sucks that
has garnered national attention and received accreditation by Forbes as the #1 Best Corporate Complaint Site; Allstate was banned from
writing automobile insurance in Florida last year (2008); David Berardinelli wrote a ...
4 Jul, 2008 2:51 pm
... the Michigan Court of Appeals decision in the case of Miller v Allstate. This case raised the issue of whether a physical therapy clinic,
incorporated under the Michigan Business Corporation Act, was lawfully rendering services entitling it to ... not for the same reason the lower
courts did. Essentially, the Supreme Court held that once a corporation, of any sort, files its Articles of Incorporation with the State, it is
conclusively determined that the incorporation is lawful--unless the state ...
12 Jul, 2008 5:54 am
... article says: Insurance Industry Employs "Deny, Delay, Defend" Strategy, Puts Profits Over Policyholders WASHINGTON, DC - Allstate ranks as
the worst insurer for consumers, according to a comprehensive investigation of thousands of legal documents and financial filings. The rankings show ... , AIG's slogan was "we know
money." AIG, described by commentators as "the new Enron," has engaged in massive corporate fraud and claims abuses. In 2006, the company paid $1.6 billion to settle a host of
charges ...
14 Jan, 2008 11:58 am
... gone retro, apparently for strategic business reasons. Until today tort victims who faced a defendant or respondent that was an Allstate
insured, who wanted a structured settlement could essentially have the structure placed with any annuity issuer rated A+ ... release goes on to state that "all non-qualified cases must
utilize Allstate International Assignments, Ltd." Exceptions require corporate approval. It was unclear from the release whether the New
York subsidiaries of Allstate Life Insurance ...
9 Jul, 2008 8:01 pm
... FOR CONSUMERS Insurance Industry Employs "Deny, Delay, Defend" Strategy, Puts Profits Over Policyholders WASHINGTON, DC - Allstate ranks as
the worst insurer for consumers, according to a comprehensive investigation of thousands of legal documents and financial filings. The rankings show ... , AIG's slogan was "we know
money." AIG, described by commentators as "the new Enron," has engaged in massive corporate fraud and claims abuses. In 2006, the company paid $1.6 billion to settle a host of
charges ...
2 Mar, 2007 2:20 pm
... , Ltd. facility has changed to Allstate International Assignments, Ltd. effective March 1, 2007. ***** Allstate also announced the launch of a new website for Allstate International Assignments, Ltd., a useful online
resource that you can find at this link ***** Allstate International Assignments, Ltd. is a special purpose corporation formed for the purpose of accepting periodic payment obligations by way of non qualified assignments, including ...
21 Mar, 2008 5:23 am
... by keeping rates from rising simply at the whim of corporate greed. Insurance consumers deserve a competitive marketplace in which to shop for the best rates and coverage
that meets their needs. Allstate's reduction is the latest in a ... insurance companies since 2006. After losing a protracted court challenge,
the insurance industry began complying with regulators' requirements. Allstate had requested permission to lower its rates by 7.1% as part of
the settlement process. The department's rate- ...
4 Sep, 2008 2:05 pm
... complaints filed with state insurance regulators, the SEC and the FBI. Apparently in the mid-1990s Allstate contracted the consulting
giant, The McKinsey Group, to help change its claim policy to one ... settled out of court for $1.6 billion in 2006 in multiple claims alleging corporate fraud and claims abuse.
State Farm. State Farm employed hardball ... portable refrigerators and office pizza parties. Allstate CEO Jerry Choate admitted in 1997 "[t]he
leverage is really in the claims side. If you don' ...
17 Jan, 2008 8:40 am
... in Missouri -- with a $25,000-a-day fine -- and now it can't sell new auto policies in Florida, in part, because it wants to protect a report written by a corporate
consultant." "According to an attorney who has seen the report from consultant McKinsey & Co., it advises Allstate on how to improve
profitability: pay less on claims and take a longer time to pay those claims." No Surprise. CNN exposed Allstate. ...
18 Jan, 2008 6:41 am
... with a $25,000-a-day fine -- and now it can't sell new auto policies in Florida, in part, because it wants to protect a report written by a corporate consultant." Many of
these documents are the same documents included (or sought to be included) in the recently tried case against Allstate in Kentucky.
Allstate Sits on Documents Allegedly Tied to Profit Scheme Florida insurance regulators have ordered Allstate to stop selling ...
20 Aug, 2008 8:26 am
... downturn, two of the largest and most profitable insurance companies operating in Texas (Allstate and State Farm) have filed rate requests
with the Texas Department of Insurance. ... Indemnity (affecting 694,000 drivers) and for 5.5% for Allstate County Mutual (affecting 435,000
drivers). State Farm's hike in rates will be 2. ... 17 years, I certainly don't see it. I think this is just another example of corporate greed. And as the leader of Texas Watch
(the consumer protection group) said, this comes ...
3 Jul, 2008 5:21 pm
... in an earlier post. The Supreme Court upheld the Court of Appeals' decision denying Allstate's attempt to avoid payment, but vacated the
rationale. It held that only the Attorney General has the legal standing to challenge Plaintiff's corporate status. The Court made no ruling on the question of whether the
service business was in fact properly incorporated. See, 481 Mich 601; 751 NW2d 463 (2008). Publish at ...
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