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Company: Allstate (ALL)
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edit Not always possible to shed risky policies

Top Contributor: Kryssia Uraguchi | Created when ALL was $61.62 | Edit | History

Part of Allstate's response to the 2005 hurricane season was to shed risky policies, but this has not always been possible. The government of Florida has required Allstate to continue to insure its clients for at least 100 days before terminating their policy, and threatens to take more severe action.

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edit Major risk from asbestos

Top Contributor: Kryssia Uraguchi | Created when ALL was $61.62 | Edit | History

Allstate has purchased insurance to hedge out hurricane risk, but it faces major risk from asbestos. If policy holders discover their homes are contaminated with asbestos, Allstate is liable for paying them back, and this could be a major expense.

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edit Limited potential for growth in sales or profits

Top Contributor: Kryssia Uraguchi | Created when ALL was $61.62 | Edit | History

Although Allstate is well-positioned to avoid catastrophe, it has limited potential for growth in sales or profits. It cannot benefit from a weak hurricane season because of its reinsurance, and it is too large to expand take on many more customers.

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