Californians who have their auto insurance with Allstate and State Farm will face substantial increases in their rates beginning in February. Allstate's rates are set to rise by 30%, while those of State Farm will go up by 21%.
Allstate offered some preliminary details of factors that impacted fourth-quarter 2023 earnings among them a $199 million non-catastrophe reserve charge.
Allstate reports Q4 catastrophe losses insurancebusinessmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancebusinessmag.com Daily Mail and Mail on Sunday newspapers.