On Saturday, the Times-Picayune printed the a news story with the following headline:
Private insurers again ready to compete in south La.
I find it interesting that not ONE of the twelve companies that have "expressed interest in taking over Citizens policies," nor any of the five companies given incentive grants from the Department of Insurance, were named.
Are homeowners even going to know who's bidding on taking over their insurance? Or are they just going to know what the policy terms are, and what they would have to pay? I think knowing the name of the insurance company is EXTREMELY important information to know, as we all know that Allstate essentially gave the finger to its' Louisiana policyholders after the hurricanes.
And if people think that we've forgotten that ... think again. Here are just some of the comments posted on this article over at NOLA.com:
Switch to anyone except ALLSTATE. Remember how poorly they treated Louisiana policy holders after Katrina. The state did not have the courage to take them on, so consumers were left to fight them alone. BOYCOTT ALLSTATE! Insurers when selling investments always state returns are based on "past performance". Based on ALLSTATE's past performance after Katrina, they will not live up to the terms of their policies and you will have to file suit to get them to honor their contracts. Link!
We got cancelled by Allstate in 2003 because of having a claim and had to go with Citizens at almost triple the cost. We live in Texas now, and guess who cold-called wanting us to switch insurance companies?! My husband told them that he would NEVER use Allstate again because of the shabby way they dealt with their customers in Louisiana after the storm. BOYCOTT ALLSTATE! Link!
I work for Allstate and wouldn't insure my dog's poop with them...Link!
