Coalition Says Insurer Group’s Disaster Plan is Insufficient

August 22, 2006

  • August 22, 2006 at 11:51 am
    sam says:
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    to lobby Allstate\’s agenda to get the government to give it cheap reinsurance, pure and simple. Allstate screwed up in 2004 and 2005 by failing to act in their shareholders best interests by buying a reasonable amount of reinsurance and now they are trying to look proactive in hopes that shareholders are stupid enough to overlook the failures of the current management team.

  • August 23, 2006 at 10:16 am
    Nat Pruitt says:
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    As an association manager on the gulf coast of alabama with 5% deductible on wind alone which i have been through several storms in the last 12 years and none of my association have had damages that would exceed the 5% of the coast today. These rates have gone up in some cases 800% on a AAA constructed building. which is around $4 on a hundred i unserstand that has come down in the last month or so to around $2 i will see as i have a property comming up in November. Because of this the association on the beach are looking for what ever that will get the cost in line.

    Nat



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