Allstate moving from ‘modest reductions’ to ‘significant increases’ in auto rates: CEO Wilson
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Allstate moving from ‘modest reductions’ to ‘significant increases’ in auto rates: CEO Wilson

Jairo Ibarra
November 04, 2021
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Aerial view of downtown Chicago

Personal lines giant Allstate is increasing rates for its auto insurance business in response to rising loss severity that has hit the segment, the firm’s CEO Tom Wilson said.

We are “moving from modest rate reductions to significant increases in auto insurance prices,” Wilson said during the third quarter earnings call with analysts.

The

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Jairo Ibarra
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