Consumer Watchdog Calls on Insurance Commissioner Lara to Reject Allstate’s Job-Based Insurance Rate Discrimination, Adopt Regulations to Stop the Practice Industrywide
Los Angeles, CA – Insurance Commissioner Ricardo Lara should reject Allstate’s proposed $165 million auto insurance rate hike and its two-tiered job- and education-based discriminatory rating system, wrote Consumer Watchdog in a letter sent to the Commissioner today. The group called on the Commissioner to adopt regulations to require all insurance companies industrywide to rate Californians fairly, regardless of their job or education levels, as he promised to do nearly three years ago.
Allstate, State Farm Continue To Raise Rates, Citing Inflation, Crash Severity
By Dave LaChance, REPAIRER DRIVEN NEWS
September 21, 2022
https://www.repairerdrivennews.com/2022/09/21/allstate-state-farm-conti…
Allstate and State Farm have continued to pursue significant auto insurance rate increases as they react to inflationary pressures and increases in auto accident severity.
Case Update: Allstate Price Optimization
Case Update: Allstate Price Optimization
Allstate Faces a California Hearing in May on an Estimated $1 Billion in Auto Insurance Overcharges
Allstate Financial Results Take A Hit
By Lyle Adriano, INSURANCE BUSINESS MAGAZINE
February 3, 2022
https://www.insurancebusinessmag.com/us/news/breaking-news/allstate-fin…
Allstate Insurance’s results for Q4 2021 marked the second straight quarter that the insurer missed estimates – as record inflation drives up the costs of both insuring and repairing vehicles.
Newly Public Documents Allege Allstate Overcharged Loyal California Customers $1 Billion
By Aaron Sankin, THE MARKUP
February 1, 2022
https://themarkup.org/allstates-algorithm/2022/02/01/newly-public-docum…
A pair of newly public documents filed with a California administrative law judge show experts accusing the company of systematically overcharging customers it believed to be the most loyal around $1 billion over the past decade.
