Allstate awaits rate increase approval in New York: CEO Wilson
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Allstate awaits rate increase approval in New York: CEO Wilson

Farhin Lilywala
December 07, 2022
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Allstate CEO Tom Wilson disclosed that the insurer is still in negotiations for rate increases in New York, noting that if the company doesn't get the increase while its competitors do, it will pull back business in the state.

Speaking during the Goldman Sachs 2022 Financial Services conference, Wilson said the Allstate plans to file for further rate increases in California after receiving an approval for a 6.9%

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Farhin Lilywala
Section Editor, Distribution & Specialty
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