Allstate says it will drop windstorm coverage for 65-thousand policyholders in Texas coastal counties. It's a move to help limit the company's exposure to hurricane losses.
The company says it intends to move the policies into the Texas Windstorm Insurance Association -- a pool created by the state to cover property owners in high risk areas.
Allstate will stop renewing windstorm coverage in coastal counties and part of Harris County starting September 15th.
Other companies have cut back or dropped windstorm coverage along the coast in the wake of last year's hurricanes. The companies include American National Property and Casualty, Texas Farm Bureau Insurance Company, Horace Mann Insurance, Beacon Insurance and Middle States Insurance Company.
Officials with State Farm and Farmers say those companies still sell some windstorm coverage along the coast, but they also have customers insured by the wind pool.
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