Allstate ‘comfortable’ with CA rate hikes but NJ is the ‘opposite story’: Rizzo
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Allstate ‘comfortable’ with CA rate hikes but NJ is the ‘opposite story’: Rizzo

The carrier expects to "get smaller in New Jersey" due to lack of rate adequacy.

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Aerial view of downtown Chicago

Allstate feels comfortable writing business in California given the rate level it’s operating at after having received approval for 30% of a 35% hike it filed, property-liability president Mario Rizzo has said.

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