Allstate Corp. has agreed to pay up to $120 million to settle a class-action lawsuit in California brought by employees for overtime pay issues, but it still denies any wrongdoing.
The Northbrook, Ill.-based company’s Allstate Insurance Co. unit agreed to pay the amount for unpaid overtime pay, meal and rest break violations, legal fees and other items. The settlement covers Allstate employees who were claims adjusters or in similar positions from November 1996 to December 2004.
Allstate said it still denies any liability or wrongdoing. In the second-quarter, it established a $120 million reserve for the settlement.
Was this article valuable?
Here are more articles you may enjoy.
Storm Austen Knocks Out Power to Nearly 300,000 French Homes 
Money Managers Say There’s Nowhere to Hide as Super El Niño Forms 
Critical PHP Flaws Spur Global Patch Effort, Temporary Shutdowns 
Apple-OpenAI Judge Says He’s ‘Likely’ to Side With iPhone Maker 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.