Allstate Agrees to Pay $25 Million to Settle a Class Action Lawsuit Over California Insurance Premiums

Allstate agreed to a $25 million settlement to resolve claims that it determined policyholder premiums based on unapproved rating factors.

The settlement benefits current and former California primary policyholders of certain Allstate policies whose premiums were calculated between July 1, 2016, and Sept. 30, 2022, based on a rating factor Allstate selected.

Primary policyholders include those whose premiums were determined based on licensure for 29 or more years and had comprehensive coverage; those whose premiums were determined based on licensure of 34 or more years and had collision coverage; and those who, in addition to their auto policy, had a condo, life and/or mobile home policy and did not have a renter’s policy. The policies held by such multipolicy primary policyholders “in addition to their auto policy are the following: Condo; Mobilehome; Life; Owner + Life; Condo + Life; Mobilehome + Life; Condo + PUP; Mobilehome + PUP; Life + PUP; Owner, Life + PUP; Condo, Life + PUP; Mobilehome, Life + PUP,” according to the settlement website.

Read the source article at Top Class Actions