Allstate Corp aims to grow its share of the U.S. home and auto insurance markets without the need for "abnormally large" rate increases, its CEO said, after the company's profit more than doubled in the fourth quarter.
Allstate Corp aims to grow its share of the U.S. home and auto insurance markets without the need for "abnormally large" rate increases, its CEO said, after the company's profit more than doubled in the fourth quarter.
Travelers Cos. posted a record operating profit that breezed past Wall Street estimates and said it expects to keep raising premiums to counter low interest rates and potential losses from natural disasters.
Travelers Cos. Inc. said it would cut jobs and reduce prices of auto insurance, steps investors took as an indication that rates had risen too far and competition was increasing.
