Allstate Insurance Drops Westchester Policy Holders
In a move to increase profits and decrease liabilities, Allstate Insurance is pulling out of high risk markets including Westchester County New York as well as other New York City boroughs. Last years hurricane season destroyed Allstate’s profit margin and they are determined to decrease their risk in high liability markets. Within the next 3 years they expect to signifigantly decrease their homeowners & automotive insurance market share in the NY demographic.
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