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Allstate
Stock is down 8% after hours. Losses estimated at 763 million for the quarter after re-insurance kicks in. They have 2.6% market share in Florida and most of it is personal property and auto coverage. Insurance is going to go through the roof down here. My co-worker just got her insurance renewal and it went from $3,000.00 last year to $5,200.00. Another person in Parkland has a home worth about $1,000,000.00. He said he was cancelled this year because his roof was older and the only company that agreed to provide him insurance quoted him $37,000.00 a year. I can't see this being good for the real estate market here.