image
Gurney's Inn
SpaSoireeTOP
bulletNight Moves
spacer spacer
spacer
image
spacer spacer
spacer
image
spacer spacer
spacer
image
spacer spacer
spacer
image
spacer spacer
spacer
image
spacer spacer

WLNG

Letters to the Editor

arrow Back

Risk Factor


Dear Editor:

Allstate is a responsible and trustworthy company that's taking difficult but measured actions to manage its high concentration of risk. These actions are being taken for the benefit of the majority of the company's customers.

Insurers statewide testified during a recent insurance dept. hearing that they have the capacity to meet the area's needs. This means a healthy, competitive industry environment good news.

However, those of us in the coastal, densely populated areas of NY must face that we will be struck by a natural catastrophe. Seven of the nation's 10 worst hurricanes have occurred in the last 15 months. Yet, we manage catastrophes by looking through the rear-view mirror, preparing for them after they've happened. We must look through the windshield.

National Oceanic & Atmospheric Administration says the frequency of a category one storm in our area is every 17 years, a category two storm every 39 years, a category three storm (same as Hurricane Katrina) every 68 years. In 1938, the storm known as the Long Island Express left 63,000 people homeless, created what we now know as the Shinnecock Inlet, and cost more than 300 million in 1938 dollars. Today, that storm would cost tens of billions of dollars.

As we give a warm welcome to spring (and the coming hurricane season), our leaders are to be commended for joining together and encouraging dialogue on this issue. It seems we all agree that the worst thing we can do, as a state and as a country, is nothing.

Regional Counsel, New York Region

Allstate Insurance Company

BRIAN POZZI
March 28, 2006

September
arrow
S M T W T F S
123
45678910
11121314151617
18192021222324
252627282930
Letter Search
spacer
Site Search



WLNG
Gurney's Inn
SpaSoireeTOP