Allstate

California Insurance Giant Allstate to Resume Underwriting After Regulatory Changes Spur Rate Hikes

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SACRAMENTO, California – Allstate Corp. plans to resume underwriting in California after a lengthy pause once the state regulator finalizes changes to regulations that would facilitate insurers in adjusting rates. During a recent public hearing on April 23, Gerald Zimmerman, the senior vice president of government relations for Allstate, expressed the company’s readiness to offer new homeowner insurance policies in California once the revised regulations come into effect. Zimmerman emphasized the significance of utilizing catastrophe …

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Insurance Shock: Allstate Hikes Prices 30% in California – Here’s What You Need to Know

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LOS ANGELES, CA – Allstate customers in California are facing a steep 30% increase in their vehicle insurance rates, following the company’s approval to implement the hike last year. The decision was announced during an earnings call, with company officials citing the need to adjust rates to cover the rising costs of customer recovery and protection from accidents and disasters. As a result, Californian drivers saw the rate hike go into effect on February 7 …

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