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Allstate has agreed not to drop New York coastal home policyholders who don’t also buy life insurance or auto coverage from the company, New York’s insurance superintendent announced 12 days after citing the company over the tie-in requirement.

Superintendent Eric Dinallo on Aug. 31 had issued Allstate a citation for nonrenewing policyholders and refusing to comply with an Aug. 28 circular letter. That letter directed property-casualty insurers to discontinue the practice of nonrenewing homeowners insurance policies based upon whether the policyholder had tie-in business.

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