State Farm will not renew coverage for about 2,600 policyholders, mainly in Alabama's beach resort areas, the company said.
Karen Cutter, State Farm's Alabama vice president for agencies, said the 2004-2005 catastrophes have shown that “we must continue to manager our property-loss exposure along the coast for the sake of all of our policyholders.”
“This has been a difficult decision; one that was made with careful review and great consideration,” she said.
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