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Allstate: no new homeowners policies in Cali

Discussion in 'Sports and News' started by Stretch15, May 11, 2007.

  1. Stretch15

    Stretch15 Member

  2. slappy4428

    slappy4428 Active Member

    Let us not forget another once in a lifetime midwest flood....
    When this policy is up, I'm taking my homeowners to AAA
  3. Stretch15

    Stretch15 Member

    Ah yes...how could I forget the flood.

    And if they aren't insuring new Cali homes due to the earthquake threat, will they pull out of every state that has a major fault line?

    That's a lot of states...including mine.
  4. Simon_Cowbell

    Simon_Cowbell Active Member

    You can only hope that people tell these asshat megamoneymakers to fuck off regarding other policies.

    If I get cancelled, my car insurance will go somewhere else.
  5. novelist_wannabe

    novelist_wannabe Well-Known Member

    Point of order: It's not "cancelled". It's "non-renewed." You know, FWIW
  6. alleyallen

    alleyallen Guest

    Some insurers in Texas, especially along the Gulf Coast, stopped issuing new policies because of mold issues. California is just the latest victim in this mentality.
  7. Batman

    Batman Well-Known Member

    After a bunch of people sued them to get their insurance money, State Farm stopped selling new homeowner policies in Mississippi. They still honor the old ones -- at least until the next hurricane -- and sell car insurance, though.
  8. heyabbott

    heyabbott Well-Known Member

    Designated For Assignment
  9. Pastor

    Pastor Active Member

    This isn't new. Car insurance companies have only recently returned to NJ.
  10. Birdscribe

    Birdscribe Active Member

    Not surprising, coming from the same group of ethical cyphers who are still dragging their feet on paying claims on the '94 Northridge earthquake.

    I said it on an earlier thread ripping Allstate. Tony Montana and Pablo Escobar were more ethical businessmen than the suits at Allstate.
  11. three_bags_full

    three_bags_full Well-Known Member

    IIRC, no new policies are being issued in Mississippi, as a result of the Katrina shit.
  12. Twoback

    Twoback Active Member

    It's a business. If AllState believes it will lose money doing business in a particular region, it would be irresponsible to continue writing policies there.
    Now, when one of these companies pretends that a policy that has been in force is a "new policy" -- which happened in the Gulf not long ago -- those people should go to jail.
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