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: Bodily Injury Blog

Allstate cooks the books?

By Edward Bills

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A report by Allstate has some questioning whether the insurer?s bookkeeping practices could hurt investors and policyholders in the long run, the Washington Post reports. According to the newspaper, accounting changes provided year-end boosts of $347 million and $365 million, respectively, to company coffers. Such accounting practices could muddy the waters for those trying asses the company?s financial strength, the newspaper says

Full post as published by Bodily Injury Blog on February 06, 2009 (boomark / email).

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