enthalpy

enthalpy

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The truth shall set you free, but first it's going to piss you off

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Saturday, February 17, 2007

Posted 2/17/2007 05:16:00 PM by Douglas

Law school: $50,000. Screwing people out of $1.9 Million? Priceless.

A federal judge has given final approval to a class-action settlement in a case accusing Allstate Corp. of discriminating against minority policyholders by using credit reports to set rates.

U.S. District Judge Fred Biery of the Western District of Texas approved the settlement Wednesday, saying the agreement calling for Allstate to change its rate-setting formula is "fair, reasonable and adequate."

What the hell would my credit score have to do with my insurance risk? I can see how they wouldn't be unrelated, but about as much as linking a baseball player's R(s)BI to his time in the 40. But here's the kicker:

The plaintiffs' lawyers were awarded $11.7 million for fees and expenses while the six named plaintiffs were given $5,000 each. [emphasis mine]

So poor, minority insurance customers are getting fucked by Allstate, just to turn around and get fucked by a bunch of bottom-feeding attorneys.

Justice, American Style!

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