Allstate Drops Alaska Earthquake Coverage

August 18, 2006

  • August 18, 2006 at 1:33 am
    Independent Guy says:
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    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?

  • August 18, 2006 at 1:52 am
    Truthful Scribe says:
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    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.



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