Wednesday, July 11 2012 10:48 AM EDT2012-07-11 14:48:27 GMT
Allstate is dropping about 10,000 South Carolina home insurance customers.More >>
Allstate is dropping about 10,000 South Carolina home insurance customers.More >>
CHARLESTON, S.C. (AP) - Farm Bureau Insurance
says it is dropping about 3,000 South Carolina home insurance customers
after paying out millions in storm-related claims last year.
The Post and Courier of Charleston reported Friday that property owners in 17 coastal and Pee Dee counties will receive non-renewal letters over the next year.
A Farm Bureau spokeswoman
says the company paid $36 million in claims last year, the most since
Hurricane Hugo in 1989. One April 2011 storm dropped baseball-sized hail
on Berkeley County, triggering $23 million in claims.
Farm Bureau says it's helping customers find policies with other companies.
Also this week, Allstate
announced it was dropping 10,000 South Carolina home insurance customers
who don't also carry Allstate auto coverage, have older homes and who
insure their homes for less than $220,000.
Evangelist Franklin Graham prayed on a sidewalk outside the Pentagon Thursday after his invitation to a prayer service inside was withdrawn because of comments that insulted people of other religions. More>>
