Good Hands or Boxing Gloves? Allstate Case Settles
(logo links to Allstate's '07 Social Responsibility Report)
Keep your eyes open on July 21 for a hearing on Allstate's settlement in the case that brought Allstate's "Boxing Glove" McKinsey documents out of the closet. Thanks to the Lexis Nexis Insurance Law Center for pointing us to Allstate Settles in Disputed Records Case here.
Allstate, policyholder agree to settle case that centered on insurer's disclosure of records
KANSAS CITY, Mo. (AP) -- Allstate Insurance Co. has agreed to settle an insurance case that had attracted national attention over the insurer's refusal -- and eventual agreement -- to provide key documents on how it evaluates and pays claims.
The company's reluctance to release the records led to more than $7 million in fines from Jackson County Judge Michael Manners.
Manners has scheduled a July 21 hearing on whether to approve the settlement, which is the day the case was scheduled to go to trial.
Attorneys for both sides say the terms of the deal are confidential.
Allstate spokesman Mike Siemienas said the nation's second-largest home and auto insurer was happy to resolve the case. He declined to comment further.