Search
 

Okla. Tornadoes Could Test Allstate Plan to Limit Costs of Replacing Old Roofs

Allstate earlier this year discussed its new approach to homeowners insurance in Oklahoma designed to limit the insurers costs for replacing older roofs, and after the recent rash of tornadoes in the state, that new approach is about to get its first real test among consumers, according to articles in...

By Staff Writer | Updated on May 31, 2013

Allstate earlier this year discussed its new approach to homeowners insurance in Oklahoma designed to limit the insurer’s costs for replacing older roofs, and after the recent rash of tornadoes in the state, that new approach is about to get its first real test among consumers, according to articles in Crain’s Chicago Business.

In February, Crain’s reported that Allstate CEO Thomas Wilson said in a conference call that the new homeowners product, called House & Home, would be rolled out in Oklahoma first and then nationwide. Under the new approach, Allstate would no longer cover the full cost of replacing a damaged roof that is over 10 years old, the article says. 

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.