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Company: Allstate
Current Parent Company:
Allstate
Parent at the Time of the Penalty Announcement:
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Penalty: $10,000,000
Year: 2010
Date: October 18, 2010
Offense Group: consumer-protection-related offenses
Primary Offense: insurance violation
Violation Description: Allstate agreed to pay $10 million to a group of states to resolve a dispute over the use of a software program in handling claims involving bodily injury.
Level of Government: state
Action Type: agency action
Agency: Multistate Financial Regulators Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Illinois
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: Allstate Agrees to $10 Million Regulatory Settlement over Bodily Injury Claims Handling Processes, Targeted News Service, October 18, 2010 (via Nexis).
Source Notes: If an online information source is not working, check the Violation Tracker
Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.