Allstate’s Use Of Colossus Cleared, But Changes To Be Made

Tuesday, October 19th, 2010 Liability

Allstate Corp. said it has reached a $10 million multi-state agreement to create what it calls an “education fund” for regulators. The settlement was the result of an 18-month National Association of Insurance Commissioners (NAIC) market conduct examination led by four states into the insurer’s use of claims-handling software, Colossus.

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