Home BUSINESS News Buying Home and Auto Insurance Used to Be Routine. It’s Becoming a Nightmare.

Buying Home and Auto Insurance Used to Be Routine. It’s Becoming a Nightmare.

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After Allstate suffered billions of dollars in losses and failed to get the rate increases it wanted, it resorted to the nuclear option. 

The insurance giant threatened last fall to stop renewing auto insurance for customers in three states that hadn’t given in to its demands, which would have left those policyholders scrambling for coverage. The states blinked.

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