With the seas warming, it's no wonder they want nothing to do with insuring properties in the danger zone. The storms are getting worse and moving up the coast, but the GOP doesn't believe global warming is an issue. When a Fortune 500 company makes a move like this, you would think some might take notice.
I also think back to the brilliant ideas that the Reagan administration started when they thought selling off wetlands made sense. Building on critical wetlands, whether in the Gulf in Mississippi or Louisiana or up along the Chesapeake Bay was a bad idea twenty five years ago and looks only worse today.
Allstate also decided recently to let thousands of homeowner policies lapse in the Carolinas, New York and Texas, and to no longer write new policies in parts of Virginia and all of Connecticut, Delaware and New Jersey.