Allstate Privacy Lawsuit Puts Telematics Data Practices Under Investor Scrutiny
A U.S. District Judge has allowed a privacy lawsuit to proceed against Allstate that alleges the insurer tracked drivers via their cellphones without consent. The complaint claims Allstate used this data to help set premiums and coverage decisions and sold the data to other insurers. The case keeps legal and regulatory scrutiny on how insurers use telematics and customer data. For investors watching Allstate (NYSE:ALL), the lawsuit comes at a time when the stock trades at $214.18 and has...
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