Allstate’s Shapiro: Inflation-driven claims severity outpacing auto rate rises
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Allstate’s Shapiro: Inflation-driven claims severity outpacing auto rate rises

Giovanna Bellotti Azevedo
August 04, 2022
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Allstate Chicago with Shapiro

Allstate president of personal property-liability Glenn Shapiro has said his company’s results reflect the current high levels of inflation, as claims severity increases faster than rate increases.

The executive was speaking during Allstate’s Q2 2022 earnings call, after it reported a 107.9% headline combined ratio for the period, marking a 12.2-point

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Giovanna Bellotti Azevedo
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