Hurricane Losses Prompt Allstate to Pursue New Path.

The article focuses on Allstate Corp.'s decision to cut insurance coverage to coastal property insurance customers in the United States. The company wishes to decrease the risk of financial losses resulting from national disasters such as hurricanes. According to the article, Allstate wishes to sell more life insurance and annuity policies to retiring Baby Boomers. The author discusses analyst opinions of so-called "one stop" financial institutions.