Deerbrook Insurance Company, a writer of nonstandard personal lines auto insurance, is leaving California because the long-term prospects for profitability are just not there, a company executive said.
The company, a subsidiary of Northbrook, Ill.-based Allstate Insurance Group, filed its plan for withdrawal on May 31, said Roger Odle, senior state manager for Encompass and Deerbrook in California. Both companies are the independent agent distribution arm for Allstate.
Mr. Odle said that Deerbrook made its decision because the challenges within the California market "made it difficult to achieve long-term growth," which is the company's major objective.
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