Allstate to Stop Underwriting Houses in California

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Allstate to Stop Underwriting Houses in California

Written by Randy Post
Wednesday, 30 May 2007
Allstate Insurance company will no longer be underwriting houses effective in July. No changes will occur for existing customers. The move is supposedly to "limit its exposure to catastrophe" such as earthquakes. Allstate has also trimmed coastal exposure in other states that are prone to natural catastrophes. Allstate has also stopped writing new homeowners policies in Connecticut, Delaware, Florida and New Jersey as well as in eight coastal New York counties. Source: CBS5.com. technorati tags: earthquake catastrophe Allstate disaster ! Trackback(0) TrackBack URI for this entry Comments (0) Subscribe to this comment's feed Write comment Show/Hide comment form Name Email Title Comment Write the displayed characters
Last Updated ( Thursday, 20 September 2007 )