St. Paul Travelers: Ivan Cost $94 Million
NU Online News Service, Oct. 6, 4:24 p.m. EDT?St. Paul Travelers said its Hurricane Ivan losses hit $94 million today, while Allstate Corp. was busy denying Florida media reports that the insurance company is ceasing to write new homeowners policies in some parts of the state.[@@]
WKMG-TV in Orlando, Fla. and The Florida Times-Union in Jacksonville, Fla., as well as Associated Press wire service reported that Allstate, the third-largest provider of homeowners' insurance in Florida which has suffered heavy losses in this year's hurricane season--$425 million from Hurricane Charley alone--has decided to stop writing any homeowners policies in hard-hit counties in Florida.
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