Monday, January 01, 2007

Insurance Companies Stop Offering Hurricane Coverage:
Reason? Global Warming.

http://img247.imageshack.us/img247/5254/allstatelogo2qc2.gif


Straight from the post:

Allstate plans to stop offering property insurance in nearly a dozen counties along the Chesapeake Bay starting in February.

The reason: the increased risk of hurricane damage due to rising ocean temperatures, possibly caused by global warming.

According to the Baltimore Sun, Allstate is part of a growing number of insurance companies that are refusing to cover hurricane-prone areas. The trend started in Florida, which sustained millions of dollars in damage from Hurricane Andrew, and is now moving up to our neck of the woods.


Source:
Washington Post, Global Warming Ate My Insurance Policy, Annys Shin | December 22, 2006; 7:50 AM ET

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