Allstate Lifts Alaska HO Moratorium
NU Online News Service, Sept. 8, 1:27p.m. EDT--Allstate Insurance said it is approaching anagreement with regulators on policy language to cover mold damageand is lifting a moratorium on writing new homeowners insurancebusiness in Alaska.
The announcement was made Friday. In a statement, theNorthbrook, Ill.- based carrier said it acted "as a result ofproductive discussions with the Alaska Division of Insuranceregarding their proposed mold endorsement." The lifting waseffective Thursday.
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