Allstate no longer suspended in Florida

Just days after Allstate was issued a suspension in Florida, Allstate can now once again write new policies in the state. Allstate sent an emergency motion for immediate relief to the appeals judge and it was granted.

The commissioner had previously suspended Allstate's authority to do business in Florida, and now he says that this is just another step in the process that enables Allstate to further delay production of the documents requested, and Allstate's motion was not unexpected.

He also says he remains committed to Florida's consumers and will get to the bottom of this issue, and take every action necessary to protect Florida consumers.

Allstate was pleased with the Florida First District Court of Appeal's decision to grant an immediate stay from the Florida Office of Insurance Regulation's order to cease writing new business.

This ruling now allows Allstate's more than 1,100 Florida agents and employees to continue to create jobs and serve their community.

Florida suspends AllState from writing new policies

Florida Insurance Commissioner, McCarty, announced he has suspended Allstate from writing new policies in Florida until they comply with the subpoenas served Oct. 15. Allstate was supposed to provide appropriate documents before Tuesday's hearing, but instead sent 51 pages of objections to the subpoenas.

The suspension applies to all Allstate companies in Florida from writing new policies. Existing policyholders will not be affected and policy renewals will not be affected. Only new business is affected. The suspension will be lifted when the commissioner has received the documents the state needs to investigate the important issues before them.

The commissioner says he was troubled by Allstate not complying with the subpoenas and not willing to explain their relationship with rating agencies, modeling companies and trade groups, and how these relationships might have influenced the huge rate increases they have requestioned. This is the first time Florida has suspended a company for failure to freely provide documents as required by Florida law.

Allstate responded to the FL Office of Regulation in a statement. Allstate was surprised at the OIR's actions and since receiving the subpoenas, Allstate has produced nearly 40,000 pages of information and will continue to produce responsive documents. At this time, it is not clear how this action will affect Allstate or the more than 1,100 Allstate agents in Florida.

Allstate Insurance Review

Allstate offers auto, home, condo, renters, life, business and motorcycle insurance. Allstate is a large insurer and has more than 37,000 employees. The well-known slogan for Allstate is "You're in good hands".

Allstate was founded in 1931, when a suggestion was made to the president of Sears, Roebuck & Co that Sears should start an auto insurance company. Now, Allstate is a totally independent company.

At the Allstate website, they offer a way to get a ballpark car insurance estimate anonymously. There is also a search by location to find an Allstate agent. Allstate offers other products as well besides insurance. Some financial products.

Allstate offers some types of discounts for auto insurance, such as safe cars, defensive driving class, good student discount, economy car discount, and farm discounts - if the car is driven on a farm.

Allstate also offers home insurance, (in certain states & localities), and life insurance.

Allstate's website: www.allstate.com

Jury sides with Allstate in billion dollar lawsuit

The jury decided that the insurer was not responsible for the two-year delay in settling a woman's claims. If she did deserve any money from Allstate, the jury did not think it was more than a billion dollars. I can not understand why trial lawyers think they can get that much money. I read about this at AJC, and I'm not surprised the jury sided with Allstate on this one. The trial lawyers thought they would have a better chance if it was a class action. They were asking for $475 million for mental anguish and $950 million in punitive damages, for 1 person.

Does anyone else think that those numbers are outrageous? The jury did. The lawyers say that Allstate is greedy, maybe the lawyers should take a look in the mirror? I do think insurance companies have an obligation to be honest, but asking for that much money seems a bit over the top to me.