Battered by recent hurricane losses, Allstate Corp. said it will no longer write new homeowners insurance policies for Long Island and other parts of the New York metropolitan area.
The Northbrook Ill.-based carrier said it took the measure affecting New York City and northern Westchester County as well as the Long Island counties of Nassau and Suffolk to “better manage its exposure,” and it will continue servicing and renewing current customers.
“We learned an awful lot from 2004 and 2005,” said Allstate regional counsel Brian Pozzi.
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