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Evidence in Allstate company reports shows that the American insurance giant has also been fudging its numbers to appear financially stronger in the crumbling economy than it actually is.
According to The Washington Post, Allstate has made at least two “account changes” adding erroneous funds to their assets: one for $347 million and another for $365 million.
In the economic crunch, Allstate and other insurers have been asking insurance regulators to either let them operate with less of a financial cushion than before, or simply approve “account changes” that make the cushion they have just look larger. The regulators have been more or less amenable.
Originally posted by dean007
allstate is a pretty crappy company good luck getting any payment out of them ever for anything they will take you to court for years first before handing you even a penny i got broken into last year and they refused to pay a cent and i had the policy with them for 7 years
do yourshelf a favor and get insurance with anyone else