Allstate ‘aggressively’ filing auto rate increases, scaling back new business in CA, NY, NJ
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.


Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Cookies Settings

Allstate ‘aggressively’ filing auto rate increases, scaling back new business in CA, NY, NJ

Shelby Rosenberg
August 02, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
allstate logo nyc streets.jpg

Allstate is aggressively pursuing auto rate increases in 2023 to keep up with ballooning loss costs, particularly in California, New York and New Jersey, according to company executives.

“We have three states which are a problem, and we're working aggressively with them so that we can get the right amount of rate,” Allstate CEO Thomas Wilson told analysts in a quarterly conference call on Wednesday, noting that...

Request a free trial:

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
Request a free trial Already a subscriber? Login now

Topics

NewsRatesResultsAllstateEarnings
shelby rosenberg/shelby rosenberg ii us.png
Shelby Rosenberg
Reporter
Contact
Gift this article