Tag: weather related risks

Why Allstate Is Dodging Florida and California in Its Expansion Plans

Nordstrom
Allstate steering clear of Florida and California

Allstate’s New Focus Does Not Include California and Florida In a significant strategic move, Allstate is positioning itself to capitalize on growth opportunities in the homeowners insurance market by focusing on lower-risk areas, consciously steering clear of Florida and California. This decision aligns with the company’s commitment to maintaining profitability while navigating the increasing challenges posed by severe weather events and inflation. Navigating the Risk Landscape Allstate’s decision to avoid expanding its homeowners insurance market share in Florida and California stems from the heightened risk of weather-related losses in these…

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National Severe Weather Preparedness Week is a good time to review homeowners insurance

Homeowners Insurance

The National Severe Weather Preparedness week is now underway, reminding property owners to go over their homeowners insurance and protect themselves. Homeowners insurance policyholders are encouraged to take the time to go over their policies this week, as it is National Severe Weather Preparedness week, and it is important that they understand exactly what their coverage provides as well as what additional protection and preventative efforts they can make. According to a statement by the Insurance Institute for Business and Home Safety, the organization’s CEO and president, Julie Rochman said…

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