Allstate Loses the Florida Battle

April 9, 2008

A Ban on Allstate Upheld in Florida

TALLAHASSEE, Fla., April 4 (Reuters) — A Florida appeals court on Friday upheld a state regulator’s order suspending the Allstate Corporation from writing new insurance policies in Florida.

The Florida insurance commissioner, Kevin M. McCarty, said that Allstate had 15 days to appeal and that he was not sure when the suspension would take effect.

Allstate said it was reviewing the ruling, issued by the First District Court of Appeal in Tallahassee, but believed it was not yet final. Allstate said it would continue to write new business.

“We are very disappointed in today’s ruling and disagree with the court’s opinion,” Allstate said Friday.

The suspension would mainly affect new auto policies, because Allstate said previously it planned to reduce its homeowner policy exposure in Florida.

Mr. McCarty said of Friday’s decision: “This is good news for the people of Florida. This is good news for all those law-abiding companies doing business in our state.”

Share This:
  • Digg
  • Facebook
  • Twitter
  • Technorati
  • LinkedIn

Comments

Comments are closed.

chicago evanston top 100 personal injury attorneys
chicago evanston million dollar advocate personal injury attorneys
chicago evanston personal injury law guru attorneys

evanston chicago personal injury attorneys testimonials

“I just wanted to say hello and a BIG thanks to you for what you did for me. It was a year ago, that I got the settlement, and I’m still stunned at what transpired… and so quickly.”J.A.