Insurer to limit policies in state (Global Warming!)

[deminks]

http://www.baltimoresun.com/business/bal-te.bz.allstate21dec21,0,6886016.story?coll=bal-home-headlines

Allstate Corp., one of Maryland's largest insurers, will stop writing homeowners' policies in coastal areas of the state, citing warnings by scientists that a warmer Atlantic Ocean will lead to more strong hurricanes hitting the Northeast.

The company will no longer offer new property insurance beginning in February in all or part of 11 counties mostly along the Chesapeake Bay and its tributaries. Existing customers won't be affected; a spokeswoman said Allstate intends to renew those policies even in coastal areas. It will continue to write new policies in Baltimore and Baltimore County.

"We have been looking at hurricane and storm projections, and we're going to see a lot more severe storms further north on the coastline," said Allstate spokeswoman Debbie Pickford. "We are working to minimize our risk."

(snip)

Allstate also decided recently to let thousands of homeowner policies lapse in the Carolinas, New York and Texas, and to no longer write new policies in parts of Virginia and all of Connecticut, Delaware and New Jersey.

via Americablog
http://americablog.blogspot.com/2006/12/allstate-insurance-no-more-policies.html

[Kutjara]

1. I wonder when they're going to officially change their name to...

...Nostate. State Farm and Allstate top my list of shitty insurers.

[williesgirl]

2. Allstate is terrible - I cancelled them years ago when they upped my premiums

and couldn't explain why. They'll continue to insure existing customers, but they won't be able to afford the premiums.

[Jamastiene]

3. Al Gore just got his wings.

He was right about global warming. Too bad Chimpy won't listen and do something about it. All the scientists who have been warning about it are right about global warming. This is proof that it's a fact. Now, will people start listening? When will it be the right time to start giving a shit about Earth? When will it be the right time to start making changes. Damn, even on my limited budget, I'm making changes. It's going to take having laws passed to make this all stop.

[truthisfreedom]

4. Time to unload that oceanfront property and replace it with quiet lakefront property in the Midwest.

Minnesota is going to see major population growth in the next few decades.