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The news that Allstate will no longer write new business in lower New York state could be a prelude to underwriting changes in areas far from the Gulf, according to wholesale brokers in the Northeast.

Dick Munce, regional vice president for Montvale, N.J.-based wholesaler Jimcor Agencies, said rates along the New Jersey coast appear flat “at present,” but could see increases as reinsurance catastrophe treaties are settled.

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