[ladtx]

Allstates competitors should jump at this and say they will cover ALL claims flood or wind. They would soon have all of Allstates customers.

[Conspiracy Guy]

Their competitors don't cover it either.

[Ben Mugged]

"Allstates competitors should jump at this and say they will cover ALL claims flood or wind."

And if I was a stockholder in one of those companies I would ensure the CEO got canned.....

[quack]

Allstates competitors should jump at this and say they will cover ALL claims flood or wind. They would soon have all of Allstates customers.be bankrupt or raise insurance rates to their existing customers who live across the country.

[Mulch]

Offer retroactive policies where coverage for Katrina could only be extended to homeowners that commit to purchasing the flood damage rider.

[farlander]

And all the billions of dollars of unpaid-for by premiums liability. I think I'd pass if I was the CEO of an Allstate competitor. Not to mention the precedent this would set. Darn - they want to force the company to pay for something it didn't say it would pay for. Hell, why not stop there ? Sue the central bank, or someone else completely unrelated...

[drt1]

"Allstates competitors should jump at this and say they will cover ALL claims flood or wind. They would soon have all of Allstates customers."

And they would soon be bankrupt. Bad business practices are not good marketing. Allstate should meet it's contractual commitments - No more and no less (i.e. do not pay for flood damage if it is excluded)

[azsportsterman]

Allstates competitors should jump at this and say they will cover ALL claims flood or wind. They would soon have all of Allstates customers.

No, they'd all go bankrupt and Allstate would be the only company left. I'm an Allstate customer; I'll stay with Allstate.

[msflea]

I pay over $1000 for flood insurance (seperate from Home Owners and seperate from the Wind and Rain Policy). If the insurance company is judged having to pay, will my mortgage company "allow" me to dump it? I doubt that very much - in fact, I'll probably wind up paying over $2000 a year for flood insurance.

[msflea]

I pay over $1000 for flood insurance (seperate from Home Owners and seperate from the Wind and Rain Policy). If the insurance company is judged having to pay, will my mortgage company "allow" me to dump it? I doubt that very much - in fact, I'll probably wind up paying over $2000 a year for flood insurance.