(Reuters) - Northbrook, Illinois-based Allstate, the largest publicly traded U.S. home and auto insurer, said a hike would reflect the "true costs" of providing insurance, including potential claims for earthquakes and other catastrophes. It has said the 2003 firestorms in southern California cost it $300 million.
On May 10, Allstate said it would stop offering new homeowner and landlord coverage in California, the latest of a series of coverage cutbacks nationwide. Allstate last year estimated it had 900,000 homeowner policies in the state.
Read more at Reuters.com Bonds News
On May 10, Allstate said it would stop offering new homeowner and landlord coverage in California, the latest of a series of coverage cutbacks nationwide. Allstate last year estimated it had 900,000 homeowner policies in the state.
Read more at Reuters.com Bonds News
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