Premiums will have to climb further for insurers to recoup some of the expenses lost to inflation, Allstate Corp. Chief Executive Officer Tom Wilson said. “We have to raise our prices,” Wilson said Monday in a Bloomberg Television interview. Premiums have already increased 6.5% in the past six months, “and we think we’ll have to… Continue reading Allstate CEO Says Insurance Premiums Will Have to Rise Further
Tag: auto insurance company lawsuits
Class-Action Lawsuits Filed Against Auto Insurers in Nevada Over Pandemic Rates
Ten major auto insurance companies are facing class action lawsuits from customers who claim that the firms unfairly charged excessive insurance premiums during the pandemic. The Associated Press reported that the legal actions filed Tuesday argue that while some insurers did provide discounts following a drop in accidents and claims amid the pandemic, the price… Continue reading Class-Action Lawsuits Filed Against Auto Insurers in Nevada Over Pandemic Rates