Summary
CHICAGO (AP) - Allstate Corp. CEO Thomas Wilson said at the insurer's annual meeting Tuesday that the company's shift away from catastrophe-prone areas and into products other than homeowners insurance will take years to complete.
The new chief executive said the number of homeowners policies the company writes will continue to shrink as it adjusts its strategy amid a sharp increase in the frequency of devastating storms, although homeowners will remain a core business.See the full content of this document
Extract
Allstate Ceo: Policy Shift Will Last Years
"We're not trying to exit the homeowners business...
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