Allstate implements auto insurance rates for November

Allstate announced implemented auto insurance rates for November. "Allstate continued to implement significant auto insurance rate actions in response to inflationary increases to loss costs. During the month of November, the Allstate brand implemented auto rate increases of 10.2% across 13 locations, resulting in total brand premium impact of 2.9%. Since the beginning of the year, rate increases for Allstate brand auto insurance have resulted in a premium impact of 15.0%, generating increases of $695 million in the month of November and $3.6 billion year-to-date," said Jess Merten, CFO of The Allstate Corporation. Our implemented auto rate exhibit has been posted on allstateinvestors.com. Allstate’s estimated catastrophe losses were below the $150M reporting threshold for November.