https://www.reuters.com/legal/allstate-pay-90-mln-shareholder-settlement-2023-08-16/
Just going to leave this here.
"Aug 16 (Reuters) - Allstate (ALL.N) agreed to pay $90 million to settle a class action lawsuit by shareholders who accused the insurer of defrauding them by concealing that it lowered underwriting standards to boost growth.
A preliminary settlement was filed on Monday in federal court in Chicago, and requires a judge's approval.
The lawsuit came after Allstate on Aug. 3, 2015, reported unexpectedly high claims payouts from auto accidents, causing a larger-than-expected 38% decline in quarterly operating profit.
Allstate's share price fell 10.1% the next day, wiping out $2.8 billion of market value."