Watchdog: Allstate Auto Insurance Pricing Scheme Is Unfair

http://www.dailyfinance.com/2014/12/16/allstate-auto-insurance-pricing-scheme-unfair/

Allstate is just one company, the CFA said, that has worked with consultants to create a broad array of pricing tables intended to push up profits. The price differences are determined using “marketplace considerations,” which doesn’t involve risk, and can result in anything from “a 90 percent discount off the standard rate to increasing his or her premium by 800 percent, depending upon Allstate’s analysis of the individual policyholder’s ‘marketplace considerations.’ ”

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