"We sell six-month policies. And so if I raise your price by 5% today, and you bought a policy yesterday, you don't get that 5% increase for six months," Allstate Chief Executive Officer Tom Wilson said. (Credit: Diego M. Radzinschi/ALM)
(Bloomberg) — Allstate Corp. results missed estimates for the second quarter in a row as the highest inflation in 40 years drives up the costs of insuring and repairing automobiles.
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