Allstate makes progress on profitability plan with substantial rate increases in 2023

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Reinsurance News - Jan 18, 2024

US primary insurer Allstate has reported that it continued to make progress on its plan to improve profitability in 2023, with rate increases in its auto insurance and homeowners insurance lines that resulted in premium impacts of 16.4% and 11.3%, respectively. “In 2023, rate increases for Allstate...

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