Insurer to limit policies in state

Allstate won't write new homeowners on water as storm risk moves north

By Laura Smitherman

Sun reporter

Originally published December 21, 2006

Allstate Corp., one of Maryland's largest insurers, will stop writing homeowners' policies in coastal areas of the state, citing warnings by scientists that a warmer Atlantic Ocean will lead to more strong hurricanes hitting the Northeast.

The company will no longer offer new property insurance beginning in February in all or part of 11 counties mostly along the Chesapeake Bay and its tributaries. Existing customers won't be affected; a spokeswoman said Allstate intends to renew those policies even in coastal areas. It will continue to write new policies in Baltimore and Baltimore County.