Allstate Gets The Finger
March 26, 2007 at 4:34 pm by Rick Karlin
Allstate, the giant insurance company, took a bit of a bashing just now in an Assembly hearing on a bill that would basically limit the speed with which insurors can pull out of a given market.
The poke came from Assemblyman Andrew Raia, who was speaking in favor of the measure.
‘’The Good Hands people,'’ the East Northport Republican said of the insurance company’s slogan. ‘’But there’s one finger sticking up out of those hands right now,'’ he added, eliciting some chuckles from fellow lawmakers.
Despite the humor, homewoners insurance is a serious issue in many parts of New York. But it’s a really big deal on Long Island, with its abundant shoreline property and the damage that can be done during hurricanes and other such storms.
Lawmakers were complaining that it seems like every time there is a flood, even in upstate, insurors say they want to pull out of the Long Island market.
Raia didn’t go into a lot of detail, but he related the tale of a constituent whose cesspool had collapsed. While she had homeowners insurance for decades, she said she was fearful she would be canceled if she filed a claim for the mishap
Posted in State Assembly |