TPJCatholic:
Other Eric,
This man was wrongfully fired and Allstate is going to pay a heavy price for their anti-faith, anti-Christian position. There are already major campaigns to boycott Allstate, which will cost that company millions.
TPJCatholic:
You will be glad to hear this about Allstate Insurance:
INSURANCE COMMISSIONER JOHN GARAMENDI ANNOUNCES $30 MILLION SETTLEMENT WITH ALLSTATE INSURANCE; AS MANY AS 250,000 POLICIES COULD QUALIFY FOR RETURN OF PREMIUMS OR CREDITS ON FUTURE PREMIUM BILLS
Allstate Also Agrees to a $4 million Fine – One of the Largest Fines in Department History
*LOS ANGELES – Insurance Commissioner John Garamendi announced today that he and Allstate Insurance Company have reached a settlement by which the nation’s second largest property and casualty insurer has agreed to provide more than $30 million in policy credits and premium returns to eligible California policyholders.
Code:
The Commissioner also announced that as part of the settlement Allstate will pay a $4 million fine. The fine addresses issues that arose from a 2002 examination of Allstate’s handling of its auto and homeowners policies, as well as its use of credit scoring.
“The insurance consumers of California deserve to be treated fairly by their insurers,” said Commissioner Garamendi. “This settlement and fine send a strong message to other insurers that this Department will aggressively pursue all allegations of injustice to policyholders.”
The settlement resolves issues stemming from a number of practices that arose during the Department’s investigation, which covered the period between January 1, 2000 and April 12, 2002. The allegations include:*
*Allstate’s use of “Financial Stability” criteria, a form of credit scoring, to underwrite property coverage, resulting in the placement of some consumers in a program with higher rates;
· Allstate’s failure to charge the lowest premium for which the policyholder qualified upon renewal;
· Allstate’s use of prior renters coverage resulted in the placement of some consumers in programs with higher rates;
· Allstate’s failure to provide its Home and Auto discount to policyholders whose auto policies were written in Allstate Property and Casualty Insurance Company;
· Allstate’s failure to assign the lowest filed rate for all driver-related factors on policies with excess vehicles (i.e. policies with more vehicles than drivers).
According to the settlement, some policyholders will receive credits on upcoming premium bills, while others will have premiums returned in the form of a check. Allstate has also agreed to review its claims handling practices and take certain corrective actions with regard to the 2003 Southern California Wildfires, although none of the premium returns or credits is related to the Wildfires.
· Reviewing its processes for handling contents claims to address and resolve any processes that are duplicative;
· Addressing and resolving any processes or procedures that may confuse customers by having multiple adjusters handle a particular file;
· Making changes or enhancements to new business underwriting practices that will allow for an identifiable record of the basis upon which a home’s replacement cost estimate was made;
· Changing underwriting practices so that the replacement cost estimation program used in the homeowner business is the same program used for Allstate Landlord Property Policies;
· Reviewing those files related to the Southern California wildfires where Allstate or the CDI has received complaints regarding the Additional Living Expense (ALE);
· Proceeding with mediations on those Southern California wildfire cases for which the CDI contends Allstate provided an agreement to mediate under the CDI’s voluntary mediation program. *
communitydispatch.com/artman/publish/article_1287.shtml
Morte here:
insurancenewsnet.com/article.asp?n=1&lnid=291260260
insurancejournal.com/news/west/2005/06/27/56664.htm
msnbc.msn.com/id/8377727/
It appears that Allstate, contrary to the advertising, is neither moral nor ethical, and that firing the Christian was just part of an unethical pattern of conduct.
Hopefully, the $34 MILLION fine and repayment will be matched by losses due to the boycott. They, maybe the people who run the company will learn that ethics and morals DO count.
Blessings on those who act to save God’s Little Ones. Michael
