We (in other states) need to help them fight this. If they can cherry pick in NJ, the next step will probably be Florida and the Gulf States.
Cancel your policy, if you have one with them, or don't buy one from them, encourage others to do so, as well. It's a free (somewhat for now) country. Other than that there is nothing you can do, unless you want to go the statist route, and have the government dictate to them that they HAVE to offer insurance to new homes in high risk area.
They have the right to choose what business they want to offer, and a responsibility to thier share holders, in order to make a profit.
Excuse me? Last time I checked this nation still claims capitalism as its form of economy. Why should I help 'fight this'? Allstate as a private insurer has a right to choose who it does business with.
Allstate already does in FL. They haven't written new policies in years and they are dropping more and more homeowners every year. All because of hurricane threats.
--If they can cherry pick in NJ, the next step will probably be Florida and the Gulf States.--
Florida has already been cheery picked to death.
They pulled out of South Florida, for the most part, long ago -- after Andrew, to be exact.
Last year, they tried to cancel the policies of homeowners in Brooklyn, NY, who lived within a certain number of miles of man-made Prospect Park Lake -- due to the threat of "tidal surge." LOL!
They didn't get away with that one, but you can bet they'll keep trying.
Sounds like a red lining practice to me.
By the way I agree with red lining. (The term "redlining" comes from the practice of marking red lines on a map, which banks would do in order to delineate areas they did not want to lend to.) - tom
Why would we want to help fight it? I don't want to be in a pool where my rates are higher so people can live in high-risk areas.