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AG loses fight against Allstate (access required)

Posted: 7:50 pm Wed, January 25, 2012
By Steve Lash
Daily Record Legal Affairs Writer

Maryland’s top court Wednesday upheld Allstate Insurance Co.’s decision to stop offering new homeowners’ policies in Southern Maryland, the Lower Eastern Shore and parts of Anne Arundel County due to the company’s potential for catastrophic financial losses if a hurricane hits that region. In its 6-1 decision, the Court of Appeals said Allstate reasonably decided in ...

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