(Bloomberg) -- Allstate Corp., the largest publicly traded U.S. seller of car and home insurance, said it’s raising rates for drivers after profitability declined at its namesake auto unit.
Allstate joins Berkshire Hathaway Inc.’s Geico in lifting rates after margins worsened. First-quarter underwriting income for Allstate auto fell 48 percent to $144 million, the insurer said on a spreadsheet posted on its website on Tuesday.
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