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
Video: UC Davis team studies liquefaction in Japan
"I’m a member of an organization, the Geotechnical Extreme Events Reconnaissance Organization," said U.C. Davis Professor Ross Boulanger, Ph.D. Boulanger recently led a team of researchers in Japan, looking at how the dramatic earthquake […]
Japan Quake Kills 9, Effects Nuclear Plant
A magnitude 6.8 earthquake struck Japan on 7/16/07, killing 9 and injuring more than 150. The hardest hit areas were near the town of Kashiwazaki, northwest of Tokyo. It triggered mudslides in the town that was already effected by a Typhoon several days before. One of the most newsworthy things about this earthquake is the damage to and minor leakage of radioactive waste and coolant from the world’s largest nuclear power plant in Kashiwazaki. Read on for links and video. (Photo by Kazuhiro Nogi, AFP – Getty Images)
Video: Magnitude 7 Earthquake Strikes Anchorage, Alaska
A magnitude 7 earthquake struck just 8 miles north of Anchorage, Alaska this morning causing widespread damage to buildings and infrastructure. The quake struck at 8:29 am local time and the focus of the earthquake […]
