Allstate Insurance Company has been cited for ignoring a directive against non-renewing coastal homeowner customers who haven't bought any of the company's other products, the New York State Insurance Department announced.
The citation, which carries the possibility of civil penalties, was issued Friday.
The department said it acted after Allstate refused to comply with an Aug. 28 Circular Letter directing all property-casualty insurers to discontinue the practice of non-renewing homeowners insurance policies based upon whether the policyholder had tie-in business, such as automobile or life insurance with Allstate or its affiliates.
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