Few home insurance companies are leaving the New York market, but many have taken steps to reduce their exposure in downstate areas, according to a new survey by an agents group.
The findings were disclosed yesterday by the Professional Insurance Agents of New York State Inc. almost six months after the Allstate Group announcement that it would cease insuring new homeowners and not renew some policyholders in Nassau, Suffolk, Westchester and the five boroughs of New York City.
Their poll also found a belief among agents that the market is tightening.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
