Allstate Revises Way It Sets Premiums

Feb 15, 2007 Feb. 16--Allstate Insurance Company is changing the way it uses a person's credit to set premiums on home and auto insurance policies after a group of black and Hispanic customers argued that the practices led to higher rates for minorities. The settlement of the class-action lawsuit was finalized this week. In addition, Biery wrote, "undisputed evidence shows Allstate has no knowledge of the race or ethnicity of its customers and does not track such data."....

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