TALLAHASSEE, Florida — Florida Insurance Commissioner Kevin McCarty has suspended Allstate companies from writing new car insurance policies in Florida for refusing to comply fully with a state subpoena.
McCarty abruptly ended a scheduled two-day meeting yesterday after just two hours.
He was angered that Allstate officials failed to turn over some information the state requested on property coverage rates and that company officials described the state's request as “irrelevant.”
The decision affects all five Allstate subsidiaries in Florida.
McCarty said the order, which he will issue this afternoon, will only affect Allstate's ability to sell new automotive insurance policies, and has no impact on renewals or new home insurance policies.
Governor Charlie Crist issued this statement on the suspension:
“I applaud Commissioner McCarty for sending a clear message to Allstate Companies and protecting Florida's consumers. It is clear to me that Allstate must have something to hide if they are unwilling to comply with the Commissioner's requests. This type of behavior is an unconscionable disregard for this process and their customers. I came so close to changing to this company for my Auto insurance this month......So glad that I didnt Z
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elkanah
Jan 16, 2008 | 2:09 PM |
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Member Since: 11/18/2006
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