Investigation and pending lawsuit alleging a countrywide scheme of alleged discrimination carried out by Nationwide, Allstate and other insurance companies against minority purchasers of homeowner and automobile insurance policies. Such discrimination includes alleged redlining and the improper use of credit scores which disparately impact minorities. Plaintiffs in these actions allege that the insurance companies' corporate driven scheme of intentional racial discrimination includes refusing coverage and/or charging them higher premiums for homeowners and automobile insurance.
Name (Stock Symbol)
Allstate Corporation (ALLT)
Allstate Corporation is a fortune 500 company with $156.4 billion in assets. Allstate sells 13 major lines of insurance, including auto, property and life and commercial. Allstate also offers retirement and investment products and banking.
Nationwide Life Insurance Company
Nationwide Life Insurance Company, a wholly owned subsidiary of Nationwide Mutual Insurance Company, sells insurance products and financial services.
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