From The Star: "Last month the Missouri Supreme Court ordered the documents produced. Plaintiff lawyers allege they show how Allstate set up a claims payment system in the 1990s that shortchanges clients while earning huge profits. Allstate contends the 12,500 pages prepared by consultant McKinsey & Co. are trade secrets used to create company policies, methods and claims procedures."
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The state insurance regulator should demand the CEO of Allstate to personally surrender the company's certificate of authority to do business to his office in Jefferson City. Allstate's book of business in Missouri should be claimed by the insurance department and transfered to other companies. Then the State of Missouri should file a complaint with the Securities and Exchange Commission about the outlaw stock company just to make sure that the company's stock price takes a major hit.
ReplyDeleteBut, Baby Doc Blunt and Papa Doc Blunt both raise a lot of money from the insurance industry, so Missouri's insurance regulators will just sit there with their thumbs up their asses.
At least you quit talking about Semler.
ReplyDeletethrow the attorney in jail, when they
ReplyDeleteAllstate get a new one throw that attorney in jail for contempt of court.
D