Dropped by the "Good Hands"

While most other insurance agencies are heeding the California Insurance Commissioner's call to reduce rates, (after a recent study showed that some of the state's largest insurers were paying out less than 50% of homeowners insurance premiums on claims) Allstate actually filed a request with state regulators in September for a 12% rate increase.
Now Allstate has announced that the company will stop writing new policies for homeowners and landlords in California, as of July 1.
Reductions by the other top insurers have already saved their customers in California more than a billion dollars, according to the new Insurance Commissioner, Steve Poizner.