Florida's State attorneys tried on Wednesday to reinstate a suspension that would keep Allstate's 10 insurance companies from writing new policies in Florida.
The company was suspended from selling any insurance in florida after it failed to turn over documents that had been supeaned by the States Insurance Commissioner, Kevin McCarty
According to the Associated Press, regulators want company executives to explain why it hadn't reduced rates enough after last year's passage of a bill designed to lower premiums.
The company won round two when they were once again allowed to sell insurance in the State while they appealed the commissioner's ban.
‘‘Florida consumers deserve to know what is in the documents that Allstate is so aggressively guarding and my office is determined to get them,'' McCarty said Wednesday after the 12-page appeal was filed with the 1st District Court of Appeal.
Watch this space for updates.
________________________________________________________________________________________________________
(Copyright © 2008 By Simon L Conway All Rights Reserved.)
Please give me a call if you have questions about the Central Florida real estate market. You can reach me on 407 876 8200. Also visit my web site at http://www.simonconway.net/ or http://www.move2orlando.net/
Also remember to check out my weekly radio show - The Home Team - which airs every Sunday at Noon Eastern and if you are not in Central Florida then you can tune in on line at http://www.540wfla.com/
Comments(1)