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 go higher from there.”

Steve Dickson, Bloomberg 1/1/1900  FULL ARTICLE

From the Texas Trial Lawyers Association news release.