Allstate projects severity increase of 9%-11% as Q1 CoR spikes 11.3 points to 108.6%: Rizzo

May 04, 2023

Allstate president of property-liability Mario Rizzo said the carrier saw increased accident frequency and severity for Q1, projecting severity in the 9% to 11% range above the full prior report year.

On a call with analysts, the executive added that severity is lower than the carrier’s expectations for 2022 but “still remains at elevated levels”.

Therefore,

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