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We provide the latest news from the world of economics and finance
We provide the latest news from the world of economics and finance
(RTTNews) - The Allstate Corporation (ALL) reported that estimated catastrophe losses were below the $150 million reporting threshold for February 2024. The company said rate increases for Allstate brand auto insurance resulted in a premium impact of 0.1% for the month of February and 1.5% year-to-date.
The Allstate Corporation stated that the implemented rate increases and inflation in insured home replacement costs resulted in a 12.4% increase in homeowners insurance average gross written premium in February 2024 compared to the prior year.
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