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Allstate Outlines ‘Surgical’ Auto Rate Hikes to Combat Inflation

Charge will increase in Allstate’s auto insurance coverage enterprise are in integral a part of the insurer’s total plan to deal with the influence of inflation. Wednesday throughout a convention name with analysts to debate first-quarter earnings, CEO Tom Wilson stated Allstate’s technique dubbed “Transformative Progress” begins with “aggressively elevating costs” for auto insurance coverage. “We’re doing this surgically and elevating costs extra for brand ...

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