Texas / South Central News
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Allstate Says it Can Drop Basic Hurricane Coverage in La.
Texas / South Central News • July 26, 2006
Allstate Insurance Co. officials say Louisiana state law allows the company to drop basic hurricane coverage for 30,000 policyholders in 18 coastal parishes - a stand that state Insurance ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: Backward Perspective | Louisianian | Apr 13, 2007, 10:43 pm |
| Its not just Louisiana | Holmes | Aug 2, 2006, 12:52 am |
| Backward Perspective | ATS | Jul 27, 2006, 9:52 am |
| RE: RE: Louisiana Gets Slapped by Good Hands | tsntyler | Jul 26, 2006, 8:31 pm |
| RE: Louisiana Gets Slapped by Good Hands | Jul 26, 2006, 2:59 pm |
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| RE: Louisiana Gets Slapped by Good Hands | Baffled | Jul 26, 2006, 2:57 pm |
| Louisiana Gets Slapped by Good Hands | Bubba Boudreaux | Jul 26, 2006, 2:48 pm |
| RE: You're in good hands? | Barry Chaffin | Jul 26, 2006, 2:46 pm |
| RE: You're in good hands? | Baffled | Jul 26, 2006, 2:11 pm |
| You're in good hands? | Lee | Jul 26, 2006, 1:21 pm |
| Back to article | ||
Subject: RE: Backward Perspective
No other companies are offering us insurance in this area north of I-12 and a 40-60 minute drive from the nearest coast. So now we are forced to get a more expensive local company or the state plan which is way more expensive.
Yes, they should make a profit, but their is such a thing as an excessive profit when you make money by taking an excessive cut of the money from the given risk in addition to overhead administrative fees. These companies are ripping customers off en masse, and not just on the immediate coast.
I agree that coastal areas should have exorbitant fees to cover those risks, but inland as far as we are is just doing a disservice to the citizens who live near but not too close to the coast which is a large portion of Americans.