Allstate 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.
https://www.reuters.com/legal/allstate-pay-90-mln-shareholder-settlement-2023-08-16/
All major corporations are collecting health data to reduce their health insurance rates. You can choose not to participate. But this is not unique to Allstate.
Organized Crime
The new business Allstate has written since 2015 has basically been non-standard and guess what, that was the goal of Transformative Growth. That new product launching in a bunch of states targets low limits, old cheap cars, and monoline.
They are such schemers these head honchos. I hope a great attorney takes hold on a suit for the employees. Why should we have to take their health assessment every Fall and tell them our weight and blood pressure to get a discount on our health insurance group rates.?What are they doing with our data? What are they doing with our recordings ? Programming the BOTS to sound like us humans? I want my data and voice protected! I want to be compensated heavily for what they have done and what they have stolen from me. The stockholders aren’t the only ones that have been deceived. The employees have been lied to and stolen from ! We need legal representation!