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(EMAILWIRE.COM, January 10, 2012 ) Asheville, NC - Allstate has announced that it plans on dropping holders of its homeowner policies if they refuse to bundle their automobile insurance policies with their home insurance policies. The insurance giant says that it made this potentially-groundbreaking decision in order to maintain its financial strength in these economically troubling times. By forcing its consumers to bundle their policies, the company believes that it will be better situated to meet the demands of all of its policyholders.
The number of people affected by this decision is potentially huge. In North Carolina alone, it is believed that close to 50,000 people may possibly lose their insurance coverage. Some industry observers have the hope that this action will open the door for other insurance companies to compete for the consumers who have been cut adrift through the offering of competitively-priced insurance options.
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Source: EmailWire.com
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