Insurance Journal reports that Allstate recently informed some 45,000 North Carolina customers that it will not renew their homeowners insurance policies unless they also purchase commercial or private auto insurance coverage with the company by Dec. 15.
Allstate says the move will enable it to better serve its 400,000 in-state homeowners. Minus the unbundled, of course.
Robert Hunter, director of insurance for the Consumer Federation of America, says the "Good Hands" people are simply cherry-picking the more lucrative customers who bundle their home and auto with the company.
He may be right. Presumably, the company has made no similar moves to jettison auto policyholders who insure their homes with other carriers. After all, home in
Read more: Allstate dumps the unbundled | Bankrate.com http://www.bankrate.com/financing/insurance/allstate-dumps-the-unbundled/#ixzz1jxgrng4v
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