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Allstate Insurance says it will pay out $1.1 billion in claims caused by the wildfires that swept through Southern California in January. While the expected payout is significant, Allstate said ...
After Allstate Life stopped taking new annuity business in 2013, [citation needed] other structured sale opportunities arose. In lieu of annuities, United States Treasury obligations held in a trust (treasury funded structured settlements) are used to fund the future cash flows.
Some life insurers, such as Berkshire Hathaway Life Insurance Company of Nebraska, and former structured annuity issuers Allstate Life Insurance Company and Symetra, offer to buy part or all of one's structured settlement payment rights in return for a lump sum cash provided such transaction complies with IRC §5891. [6]
McKinsey's recommendation to Allstate, according to Berardinelli, was to low-ball claims so that desperate customers in dire straits would be more likely to accept a settlement offer while Allstate continued to make a profit and collect interest on the insurance payment. Allstate would offer its "good hands" in the way of a low-ball claim and ...
Google is starting a payout for similar violations in its “Face Grouping” option — offering settlements of $200 to $400. Deadlines to file both of those claims have passed, but more may yet ...
It names the Allstate Corporation, Allstate Insurance Company, Allstate Vehicle and Property Insurance Company, Arity, LLC, Arity 875, LLC, and Arity Services, LLC as defendants.
The following is a list of the 21 largest civil settlements, reached between the United States Department of Justice and pharmaceutical companies from 2001 to 2017, ordered by the size of the total civil settlement. Some of these matters also resolved criminal fines and penalties, listed in parentheses, but these amounts are not considered when ...
A pair of USAA affiliates declined 48 percent of the claims made in 2023, and Allstate Insurance — based in Illinois — denied 46 percent of the claims made that year. All were denied before ...