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July 19, 2007

CFA Rips Allstate Insurance

Bob Hunter, an actuary, former federal insurance administrator, former Texas insurance commissioner and currently the longtime insurance director for the Consumer Federation of America, has released a CFA report -- The Good Hands Company or a Leader in Anti-Consumer Practices? -- ripping Allstate Insurance. From the news release:

The Allstate Corporation has been at the forefront of the insurance industry in unjustifiably raising home and automobile insurance rates relative to the amount paid out in claims, in using questionable practices to settle claims and in attempting to shift costs to taxpayers..."Allstate is certainly not the only insurer pursuing these anti-consumer practices, but it has been in the vanguard in developing and implementing many of them," said Hunter.

Posted by Ed Mierzwinski at July 19, 2007 08:48 AM


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