Monday, June 26, 2006

Insurers Drop Policies on Eastern Seaboard

The letter begins: "We're writing to you with what we know is unfortunate news about your Allstate Insurance."
Startled, Marie Collins reached for her glasses, then a magnifying glass, and pored over the letter, realizing with a sinking feeling that this wasn't a standard mailing from the company that insures her home.

It was a cancellation. Her home was being dropped, the letter said, because it's in the path of future hurricanes.
But Collins doesn't live in New Orleans or even Florida. She lives in New York.

from the LA Times

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