Federal Judge in Mississippi 'Storm Surge' Case Upholds Home Insurance Flood Exclusion
National News April 13, 2006
A federal judge in Mississippi has upheld the water damage exclusion in homeowners insurance policies in a ruling welcomed by insurers.
U.S. District Judge L.T. Senter, Jr. of the Southern ...
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Subject: RE: RE: Roger Poe/Allstate "pulling out" of FLA
Posted On: April 18, 2006, 10:23 am CDT
Posted By: Charles
Comment:
Gloria, this is NOT the first time Allstate is leaving a state....they pulled out of FLA decades ago...I lived there about 40 or so years ago--I think they even left a beautiful office in St Petersburg---for a while. Many companies pulled out of Corpus Christi, Texas after a hurricane-- for a while. What a subject for Business School distertations ! I was in Corpus Christi to get business as so many "BIG" companies were non-renewing. One of the "BIG" companies started "picking the cream" and until the next "pull out" will have made piles of profit!!! What the captives will do if their loses are too high?? Put their agents out of business? What has occured in the past? They will almost ALLWAYS RE-underwrite--another of my pet peeves, inadequate underwriting. But I am an old grump---seen an excess of foolish underwriting. Just "bah-humbug"!
Subject: RE: RE: Roger Poe/Allstate "pulling out" of FLA