Insurance Claims Adjuster, Claims News, INSURANCE/CLAIMS, Allstate Drops North Carolina Homeowners Who Insure Autos Elsewhere Claims-Portal.com

Become a member and contribute content to Claims-Portal.com Add your company to the Claims-Portal.com Vendor Directory Add job openings to the Claims-Portal.com Career Center
Claims-Portal.comClaims News
My Claims-Portal
Oct 23, 2017    
 - Member Benefits
 - Become a Member
 - About Us
 - Advertising

this page!
Independent Adjusters
Employers/Recruiters
Dyanclaim for Claims Websites

Browse Categories
Claims News Sections
  INSURANCE/CLAIMS
  LEGAL/JUDGEMENTS
  WEATHER/CATS
Announcements
  Association Announcements
  Business Announcements
  NAIIA Member Announcements
  Other Categories
 
C2Track Claims Management System

News » INSURANCE/CLAIMS News

Print Story

Allstate Drops North Carolina Homeowners Who Insure Autos Elsewhere
By Michael Adams

advertisement
Dyanclaim for Claims Websites

Some North Carolina residents who insure their residences through Allstate are finding themselves dropped by the company for refusing to bundle their home and auto coverage.

Allstate Insurance Co. has informed 45,000 homeowners that it will non-renew their homeowner’s policy unless they also purchase a commercial or private automobile insurance from the insurer by Dec. 15, 2011.

Allstate spokesperson Tracy Owens, speaking from the insurer’s Southeast Regional Office in Atlanta, said the decision came about after an intensive review of the insurer’s North Carolina book of business.

“We wanted to be sure that we could manage our risk both now and in the future and protect the other 400,000 households we insure,” Owens said.

According to documents filed with the North Carolina Department of Insurance, Allstate indicated that it would non-renew 30,400 standard homeowners policies, 10,500 landlord packaged policies, and 4,900 mobile homes policies.

Owens said that although Allstate has decided it must drop the policies, it is providing another coverage option from the Universal North America Insurance Co.

Allstate has reached an agreement with Universal whereby it will provide a quote for 26,150 of the affected homeowners. The Denver, Colo.-based Universal also is slated to submit a quote to 9,300 of the 10,500 landlords losing their Allstate coverage.

In a separate deal, the mobile home owners will have an opportunity to find coverage through the American Modern Insurance Group.

North Carolina Department of Insurance spokesperson Kerry Hall said that as a matter of professional courtesy Allstate informed the department of its decision to non-renew the policies, although the insurer had no legal requirement to do so.

“From our perspective, what Allstate is doing is legal as long as it gives consumers a 30-day notice before cancelling the policy,” said Hall.

Print Story
Send This Story To Someone
Your Email:
Their Email:
  Comments:
 

Claims News Home Page   |   RSS Feeds
Announcements   |   Member Blogs   |   Newsletters   |   Letters
Submit A News Story   |   Contact The Editor

  •  Announcements
  •  Claims Events
  •  Insurance News
  •  Special Offers
  •  Newsletters
  •  Blogs
  •  RSS Feeds
  •  Directory
  •  insURLinks
  •  Classifieds
  •  About Us
  •  Contact Us
  •  Advertising
  •  Member Search

  •  Registration
  •  Login
  •  E-Mail Lists
  • Home  |   Privacy Policy  |   Terms of Service  |   Site Map
    © 1998-2017 E-Claim.com, LLC