Allstate Abandoning Homeowners In North Carolina

Homeowners in North Carolina who have their homeowners insurance through Allstate have begun getting letters in the mail notifying them that they may soon lose their coverage, if they do not buy their auto insurance from the company, also.

The letters from Allstate give homeowners until December 15th to switch their auto policies. The company says risk management and cost savings are the main reasons for the new policy. People who lose their coverage will not be left uncovered, but will be offered comparable policies from Universal North America Insurance.

Approximately 45,000 of Allstate’s 400,000 policyholders in the state will be affected. North Carolina’s insurance regulators are not happy with the move, but have confirmed that it is perfectly legal. Legal or not, it sounds pretty unethical.

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