Allstate Insurance Co. says it is dropping earthquake insurance to most of its 407,000 quake customers nationwide as a part of a larger move to reduce exposure to catastrophic losses.

Other major companies plan to take similar action (insurance companies are really not in the mood to take on earth fury). Californians are not be affected by this Allstate decision.

Allstate lost $1.55 billion last year because of Hurricane Katrina.

Earthquake insurance covers any damages by earthquakes and also includes landslide, mudslide, mudflow, sinkhole or any other movement that involves the sinking, rising or shifting of earth.