Allstate’s Shapiro: Inflation-driven claims severity outpacing auto rate rises
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Allstate’s Shapiro: Inflation-driven claims severity outpacing auto rate rises

Giovanna Bellotti Azevedo
August 04, 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Allstate Chicago with Shapiro

Allstate president of personal property-liability Glenn Shapiro has said his company’s results reflect the current high levels of inflation, as claims severity increases faster than rate increases.

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

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Allstate Earnings
Giovanna azevedo headshot new.jpg
Giovanna Bellotti Azevedo
Editor
Gift this article