Allstate takes $227mn cat hit in March and pushes rate rises to manage inflation impact

Published: Thu 21 Apr 2022

Allstate has pegged its March pre-tax catastrophe losses at $227mn and its total Q1 2022 cat exposure at $462mn, while the US personal lines giant’s CFO Mario Rizzo has said the company has raised the magnitude of auto rate increases it expects to implement this year due to inflationary pressures.