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ALLSTATE CAN KEEP WRITING

April 23rd, 2008 3:36 PM by Ron Mastrodonato

ALLSTATE CAN KEEP WRITING

Allstate's sales agents in Florida can keep writing new policies after the company asked an appeals court to rehear its suspension by state insurance regulators. The Illinois-based insurance giant would have had to stop writing new business if it failed to meet Monday's court deadline to review the case. The 1st District Court of Appeals ruled earlier this month that Florida regulators have the authority to suspend Allstate's companies because the insurer failed to comply with state subpoenas seeking information on the company's pricing strategies. Allstate has roughly 300,000 homeowners policies in the state.

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Posted in:General
Posted by Ron Mastrodonato on April 23rd, 2008 3:36 PM

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