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: RE: Roger Poe/Allstate
Posted On: April 18, 2006, 12:30 pm CDT
Posted By: Mark
Comment:
Allstate isn't leaving Florida. They're trimming their market share. Most of the non-renewals are monoline home policies, and Allstate agents have plenty of other companies they can write through. Allstate rates in Florida are good, so the choice was either increase rates for everyone, or get rid of a lot of people who only have their home insured. Anyway, Corpus is a sitting duck, but a lot of the property is underwritten by the TWIA, so no worries for private insurance companies.
Subject: RE: RE: RE: Roger Poe/Allstate