Magnitude Archives - Comprehensive Car Insurance

Tag: Magnitude

Allstate to Increase Magnitude of Auto Rate Hikes in 2022

Allstate stated it's elevating auto insurance coverage charges extra attributable to continued upticks in bodily harm and bodily harm severity. The private property insurer stated in an announcement on April 21 that first quarter unfavorable non-catastrophe prior-year reserves re-estimates had been about $160 million, reflecting the influence of “speedy will increase in loss prices because the second quarter of 2021.” “Given the continued loss-cost impacts ...

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