Sure, insurers are in the business of managing risk. But why are insureds going to buy insurance from them if they want to avoid the very things insureds want coverage from?
Nothing should surprise you about Allstate. A company famous for low claim reserves, tight wad claim adjusting , the unauthorized practice of law and obstinancy causing increased tort litigation, can just as readily cut and run from earthquake coverage. That permits higher executive comps, perks and golden parachutes.
Sure, insurers are in the business of managing risk. But why are insureds going to buy insurance from them if they want to avoid the very things insureds want coverage from?
Nothing should surprise you about Allstate. A company famous for low claim reserves, tight wad claim adjusting , the unauthorized practice of law and obstinancy causing increased tort litigation, can just as readily cut and run from earthquake coverage. That permits higher executive comps, perks and golden parachutes.