Following the lead of State Farm, Prudential Insurance will limit Arizona customers seeking new auto and homeowner’s coverage in order to maintain control of its policyholder base, according to The Tribune. Progressive went a step further saying it would cease selling homeowner policies in the state.
The state’s largest insurer, State Farm, reported it would limit new business for both home and auto policies due to the fact that growth in the state was getting ahead of the company’s ability to stay pace.
While vacating the homeowners’ market in Arizona, Progressive said it would continue to offer auto insurance in the state.
Progressive plans to offer renewals only through Feb. 28, 2003, at which time it will discontinue its homeowners’ business in the state.
Topics Auto Homeowners
Was this article valuable?
Here are more articles you may enjoy.
GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud 
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations 
Viewpoint: Insurance and AI – A Double-Edged Sword 
CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M 
