Technology to the Rescue

A recent Wall Street Journal article stated that the Allstate Insurance Company has dramatically lowered auto insurance premiums for some owners of high performance sports cars. Allstate is now the market share leader for this category of insurance and it has been very profitable. All this was counter intuitive to Allstate executives when first proposed. Everyone understands that sports cars are bought to be shown off and driven fast, a combination your mother always said would get you in trouble.

This material was created while Al Boris was at a previous broker/dealer and has been rebranded to reflect his current firm, Alex. Brown, a Division of Raymond James. It is provided for historical purposes only. Investors should not act on the historical comments which do not reflect current market conditions.