Allstate Is No Longer Offering New Policies in California
Like State Farm, which announced a similar move last week, Allstate cited worsening climate conditions that had made doing business there difficult.
Posted inDodd-Frank Wall Street Reform and Consumer Protection Act (2010) Global Warming Homeowners Insurance Hurricanes and Tropical Storms Regulation and Deregulation of Industry Treasury Department United States Politics and Government
Treasury Dept. to Ask Insurers for Data on Climate Risks to Measure Coverage Affordability
The department is proposing to gather information from across the country to establish where climate change is making property insurance unaffordable or inaccessible.