After a multi-state investigation, Allstate Corp. said on Monday it will pay 45 states a $10 million settlement after a review by the National Association of Insurance Commissioners found it was inconsistent in the way it managed and used software to review bodily injury claims.
The 18-month probe, however, also found Allstate had not systemically underpaid claims, a finding that could have had much more serious implications had it been proven true.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access