Unsurprisingly, the exit from unprofitable markets prompted a lot of anger. People must now scramble for coverage from smaller carriers at much higher rates, if they can get coverage at all. The Mississippi attorney general and irate flood victims have sued Allstate and its peers in a bid to force payments for the water damage. "The flood exclusion was heavily advertised," Watson insists. Early signs show the insurers have the edge: A Mississippi judge ruled in August in favor of Nationwide Mutual's refusal to pay a flood claim.
http://www.forbes.com/home/free_forbes/2006/1127/124.html
