The Car and Truck Fleet and Leasing Management Magazine

Florida Insurance Regulators Battle With Allstate

January 24, 2008

TALLAHASSEE, Fla. --- The Florida Office of Insurance Regulation is pushing to reinstate a suspension of Allstate's ability to write new auto policies. The state agency had imposed a suspension Jan. 16, but last Friday an appeals court judge issued Allstate a stay, the Orlando Sentinel reported.Meanwhile, Allstate yesterday turned over a set of controversial documents, hoping to resolve its conflict with the state agency. State insurance regulators believe the so-called McKinsey papers will shed light on how Allstate sets insurance rates for homeowners and auto policies. State regulators originally requested the documents in an October subpoena and ordered Allstate to turn them over at a Jan. 15 hearing addressing the company's property insurance rate increase requests. When Allstate didn't produce all the documents requested, Insurance Commissioner Kevin McCarty suspended Allstate's ability to write new auto insurance policies. Existing policyholders were unaffected by the suspension.In its request to reinstate the suspension, the Office of Insurance Regulation called Allstate's actions an "ongoing crime that in and of itself threatens safety and welfare of Florida citizens."Allstate, however, claims it has cooperated with regulators from the outset. The battle was touched off last fall when Allstate sought to raise property insurance rates by an average of more than 35 percent throughout Florida.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

Owned by the Taylor family of St. Louis, Enterprise Fleet Management supplies most makes and models of cars, light- and medium-duty trucks, and service vehicles across North America.

Read more

Up Next

More From The World's Largest Fleet Publisher