Few home insurance companies are leaving the New York market, but many have taken steps to reduce their exposure in downstate areas, according to a new survey by an agents group.
The findings were disclosed yesterday by the Professional Insurance Agents of New York State Inc. almost six months after the Allstate Group announcement that it would cease insuring new homeowners and not renew some policyholders in Nassau, Suffolk, Westchester and the five boroughs of New York City.
Their poll also found a belief among agents that the market is tightening.
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