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With Hurricane Sandy making its way to the Eastern Seaboard, insurers such as Allstate (ALL) are...

With Hurricane Sandy making its way to the Eastern Seaboard, insurers such as Allstate (ALL) are preparing to send their rapid-response teams of claims specialists to assess the damage once the storm passes. The cost to insurers is likely to be less than it would have been in the past, as they've been raising home-insurance rates, tightening underwriting standards, and scaling back sales of policies in hurricane-prone areas.
Comments (2)
  • radicall
    , contributor
    Comments (534) | Send Message
     
    That last sentence sounds bogus. If one insurer is cutting back, someone else is increasing policy sales in those areas. People aren't just going without insurance
    29 Oct 2012, 04:07 AM Reply Like
  • Tschurin
    , contributor
    Comments (327) | Send Message
     
    I wonder if the biggest source of claims will be falling trees; I haven't heard of insurers denying coverage based on that.
    29 Oct 2012, 06:38 AM Reply Like
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