The storms of 2005 have had an impact on how Allstate Insurance Company intends to do business in the future. While Allstate will continue in the property/casualty business but they are slowly cutting back on insuring home in Florida and up the Eastern seaboard. The suffered losses because of the storms last year and saw red ink in the third quarter of 2005. The company has returned to making a profit in 2006 and expects to continue doing so buy dropping, not renewing or raising premiums in service area that are not showing profit. It make sense because Allstate is a business and profit is part of that business.
Read the story in Forbes
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