Allstate: Difference between revisions
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::Internal reports revealed ''Allstate'' prioritized profit over policyholders, aiming to pay 30% below market value on claims. Profits doubled to $4.6 billion by 2007 using these tactics. | ::Internal reports revealed ''Allstate'' prioritized profit over policyholders, aiming to pay 30% below market value on claims. Profits doubled to $4.6 billion by 2007 using these tactics. | ||
*'''Stock Buybacks & Executive Sales''' | *'''Stock Buybacks & Executive Sales''' | ||
::CEO Tom Wilson sold $32 million in stock amid scrutiny, while the company engaged in stock repurchases criticized as price manipulation. | ::CEO Tom Wilson sold $32 million in stock amid scrutiny, while the company engaged in stock repurchases criticized as price manipulation. | ||
===Discrimination allegations=== | ===Discrimination allegations=== | ||
:'''Racial Bias''' | :'''Racial Bias''' | ||