Posts

Showing posts from December, 2012

The Insider: how some insurance companies can rig the system

Image
published Dec. 2, 2012 in The Post and Courier STORM OF MONEY:    Insider tells how some insurance companies rig the system   by Tony Bartelme tbartelme@postandcourier.com  Mark Romano gripped the steering wheel and tried to keep his car from swerving into another commuter on the busy Illinois tollway. “God, please don’t let me hurt someone,” he prayed. Dizzy again. These bouts of vertigo were barely noticeable at first, but something else was going on now. At night, he would lie in his bed, stare at the ceiling and watch everything twirl. In the morning, the spells came in waves during his commute to Allstate’s national headquarters in suburban Chicago. Stress? It was December 2007, and Romano was a senior manager at Allstate and its top expert in Colossus, a program that calculates how much a person might be paid for an injury claim. He was in charge of two projects to “tune” and “recalibrate” Colossus, work he knew could affect paymen...