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Allstate Dropping More Customers
By THE ASSOCIATED PRESS
ST. PETERSBURG - Allstate Floridian Insurance says more than 100,000 customers will be shifted to a new company.
Allstate says this is an effort to pare back its exposure in Florida.
The company also announced yesterday that it will drop 106,000 policies. Affected customers will be picked up by Royal Palm Insurance Company of Ormond Beach.
Allstate said in 2005 that it needed to get rid of hundreds of thousands of policies, but was working to find other companies to take over the coverage and that it’s agents would continue to service them.
Since then it has dropped more than 200,000 policies, shifting the customers to other insurers.
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