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You can afford it

posted 238 weeks ago on Insurance Coverage Blog

This post just happened to get lodged in my feedreader, and I just happened to read it. Nothing out of the ordinary, I've seen this argument in one form or another about -- hold on while I count -- I'd say about eleventy-billion times. The post takes issue with Allstate canceling policies in certain coastal counties of New York. Now, readers of this blog know that Allstate has a strategy of pulling back from what it believes was overextended risk in the homeowners insurance market. I'm not here to defend Allstate, but just talking in general, doesn't it seem like that argument is kind of tired? Do I say a restaurant owner should keep his restaurant open even though he is losing money merely because I like to eat there? What if he's a multi-millionaire many times over, should he lower
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