The state has a right to regulate insurance companies - I think most of them do, if not all.
This is merely another form of regulation.
In states like Jersey, Insurance companies have waxed fat on certain lines of coverage and lost some on others. Cutting off all homeowners policies is outrageous.
Any homeowner who has had their homeowner's policy eliminated by Allstate, and who also carries auto insurance with them should also drop that.
The Insurance Companies have become far too big for their britches.
Whether its actions like this one,or refusing to insure peole who keep certain breeds of dogs, or have guns in their houses, they are out of order.
So you're on the record in favor of increased government regulation. Do you only favor limited government when it happens to personally benefit you?