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Court: Allstate can refuse to issue new coastal policies

A Maryland appeals court has 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 3-0 holding, the intermediate Court of Special Appeals said Allstate ...

3 comments

  1. Unfair to people who pay policies. http://tiny.cc/q2ve2

  2. Wow, this sounds like some [garbage] to me. I mean, isn’t that the risk insurance companies have to take? I mean if every company follows suit and does the same thing, no one will have coverage, then a huge hurricane does hit and the are instantly poverty stricken. If an insurance company wants to be an insurance company, they should have to take a chance just like we do.

  3. Wow, this sounds like some bullcrap to me. I mean, isn’t that the risk insurance companies have to take? I mean if every company follows suit and does the same thing, no one will have coverage, then a huge hurricane does hit and the are instantly poverty stricken. If an insurance company wants to be an insurance company, they should have to take a chance just like we do. Allstate Commercials

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