Allstate must reinstate as many as 4772 policies in the New ...
NEW YORK: Allstate, the second- largest U.S. home and auto insurer, must reinstate as many as 4,772 policies in the New Orleans hurricane area after an investigation by Louisiana's insurance regulator found that some coverage was canceled improperly.
Allstate told Insurance Commissioner Jim Donelon it had dropped the policies because they covered homes found to be abandoned, Donelon said Tuesday at a news conference broadcast on his Web site.
In examining a sampling of addresses, he found that some homes were being repaired instead.
"At best, it was a very ill-conceived and spottily implemented inspection program," Donelon said. "At worst, they wanted off of the coverage."
Allstate said it had inspected each property and given customers a chance to prove they were repairing their homes before dropping the policies.
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