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Insurers retreat from hurricane risk across the eastern seaboard
Homeowners from New York to Cape Cod receive cancellation notices as major insurers pull back on policies in coastal counties and near saltwater, citing the need to protect against future storms after Katrina. Experts warn that high replacement values and potential for a single large event threaten nationwide exposure.
MENTIONED IN THIS ARTICLE
Allstate
Marie Collins
Collins
New Orleans
Florida
New York City
Gulf
New York
Brooklyn
Allstate Corp
Nationwide Mutual Insurance Co
Long Island
MetLife Inc
Cape Cod
Paul Covell
Hingham Mutual Group
Cape
N.Y
Edward M. Liddy
Northbrookill