Louisiana's top insurance regulator said after meeting with Allstate's top management last week at the insurer's Northbrook, Ill., headquarters, he was reassured the carrier would not be leaving Louisiana's homeowners market.
Insurance Commissioner Jim Donelon, before securing a meeting with Allstate President Thomas J. Wilson, had raised the possibility of legal action against the company if it sought to drop its existing business in the state.
Allstate has said it is considering dropping wind and hail coverage for about 30,000 policies, which the commissioner said are located in 18 parishes in the state.
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