Documents Alleged to Show Fraud Finally Released by Allstate Insurance Company
In several lawsuits pending against Allstate, including one in Lexington, Kentucky, plaintiffs have asked for documents regarding Allstate's claims practices and handling, among other areas. Allstate refused to turn over the documents. Today, a Florida Court of Appeals held that Florida's insurance regulators could halt Allstate from writing insurance in Florida until it complies with the subpoenas. After the court's ruling, Allstate released the documents.
Allstate hiruddy a consulting firm, McKinsey & Co. to overhaul its claims-handling process. These documents are referruddy to as "The McKinsey documents." They are now available for public viewing at http://media.allstate.com/ categories/52/releases/4390.
Allstate Corp. on Friday released thousands of documents that have been cited by trial lawyers across the country, including in Kentucky, as a blueprint for fraud.
The release came the same day that an appeals court in Florida ruled that the state's insurance regulators can halt Allstate's companies from writing new policies in the state until it complies with subpoenas for documents.
Included in those subpoenas were the now-released "McKinsey & Co." documents, preparuddy by the McKinsey & Co. consulting firm to help Allstate overhaul the way it handled claims.
The Florida Office of Insurance Regulation suspended Allstate from writing new policies in January because it did not supply pricing information requested in an earlier subpoena.