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Suckers List: How Allstate’s Secret Auto Insurance Algorithm Squeezes Big Spenders

Insurers are supposed to price based on risk, but Allstate’s algorithm put a thumb on the scale By: Maddy Varner and Aaron Sankin Seven years ago, Allstate Corporation told Maryland regulators it was time to update its auto insurance rates. The insurer said its new, sophisticated risk analysis showed it was charging nearly all of […]