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Allstate Receives Private Passenger Auto Physical Damage Rate Increase in California

November 14, 2022 By CollisionWeek Editor

The increase is the first for Allstate in nearly five years and first for the industry in more than two years since the start of the pandemic. On October 30, the California Department of Insurance (CDI) approved Allstate’s request for a 6.9% increase in its personal auto liability and physical damage rates. The CDI has […]

Filed Under: News Tagged With: Allstate, GEICO, Premiums, Progressive, S&P Global, State Farm

LKQ Debt Rated Investment Grade

April 19, 2022 By CollisionWeek Editor

LKQ Corporation (NASDAQ:LKQ) today announced that S&P Global Ratings raised the Company’s issuer credit rating to an investment grade rating of BBB- from BB+. Additionally, S&P raised the Company’s issuer-level rating on its unsecured debt to BBB- from BB+. S&P’s rating outlook for LKQ Corporation is stable. “Achieving investment grade status with S&P is further […]

Filed Under: News Tagged With: Credit Ratings, LKQ Corporation, S&P Global

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