Allstate Insurance company will no longer be underwriting houses effective in July. No changes will occur for existing customers. The move is supposedly to "limit its exposure to catastrophe" such as earthquakes. Allstate has also trimmed coastal exposure in other states that are prone to natural catastrophes. Allstate has also stopped writing new homeowners policies in Connecticut, Delaware, Florida and New Jersey as well as in eight coastal New York counties. Source: CBS5.com.
Related Articles
New Zealand city council bans entry to 500 homes over geotechnical hazards
December 5, 2011
rockman
Geologic Hazards
Comments Off on New Zealand city council bans entry to 500 homes over geotechnical hazards
The Christ Church City Council has issued a notice banning entry to over 500 homes because of risks associated with rockfall, landslides, cliff collapse and other geotechnical problems exacerbated by recent earthquakes. [Source: Scoop News]
8.2 Magnitude Earthquake off Coast of Chile, Triggers Tsunami Warnings
April 2, 2014
rockman
Geologic Hazards
Comments Off on 8.2 Magnitude Earthquake off Coast of Chile, Triggers Tsunami Warnings
Sierra El Mayor (Baja) 7.2 Magnitude Earthquake
April 7, 2010
rockman
Geologic Hazards
Comments Off on Sierra El Mayor (Baja) 7.2 Magnitude Earthquake