Allstate

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Last month’s rates implementation marked an acceleration from the 8.9% hikes announced in July, which resulted in overall premium impact of 1%.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Market sources are suggesting inflation could require a wider group of US cedants to buy $10bn-$20bn of additional cat coverage for 2023.

Rizzo will take over on September 1. Jess Merten will also assume his role as CFO effective September 1.

Allstate CFO Mario Rizzo vowed to continue pushing through auto rate increases.

The personal lines insurer’s results were also impacted by the states’ regulatory climates and inflationary trends.

Inside P&C’s news team runs you through the key highlights of the week.

The executive was speaking during the company’s Q2 2022 earnings call, after it reported a 107.9% headline combined ratio for the period, marking a 12.2-point deterioration YoY.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

The company's net written premiums grew 11.5% to $11.5bn, compared to 10.2% in the first quarter.

Inside P&C’s morning summary of the key stories to get you up to speed fast.