P.M. BRIEFING : Aetna Ends Policies in 2 States
<i> From Times Wire Services</i>
HARTFORD, Conn. —
Aetna Life & Casualty Co. is dropping personal auto and homeowners’ insurance in New Mexico and Idaho, saying the business is unprofitable with little hope for much improvement.
Aetna stopped selling new auto and homeowners’ policies in New Mexico and Idaho Nov. 2. Starting in February, the company will not renew policies in New Mexico; in March it will not renew them in Idaho.
The decision is the latest move by Aetna to improve dreary financial results in personal insurance lines nationwide.
Aetna has also stopped writing new personal auto policies in Rhode Island, and is challenging laws in Massachusetts that make it very expensive for the company to withdraw from auto insurance there.
