The Allstate Corporation (ALL) recently announced rate hikes of auto insurance in December, along with homeowners' insurance rate adjustments. This strategy aligns well with current macroeconomic trends, reinforcing the company's commitment to navigating challenging market conditions.Inflationary pressure has forced insurers to increase rates to maintain a decent level of profitability. The company’s estimated catastrophe losses for December were below the $150 million reporting threshold, highlighting effe ...