TBO.com - TBO is Tampa Bay Online

State Seeks Another Allstate Ban

ADVERTISEMENT

By Jerome Stockfisch of The Tampa Tribune

Published: February 19, 2008

State Insurance Commissioner Kevin McCarty filed a complaint today seeking once again to bar Allstate insurance companies from doing future business in the state.

McCarty filed an immediate final order Jan. 17 yanking Allstate's licenses, but an appeals court lifted that order and is considering a final determination.

The state Office of Insurance Regulation charges that Allstate has missed a deadline and failed to provide adequate documents and witnesses sought by subpoenas in an investigation of homeowners insurance rate-setting.

"Seeking to suspend a company's license is not something we take lightly," said the office's general counsel, Steve Parton. But he said Allstate's "defiance" of Florida insurance laws made the action necessary, he said.

The complaint filed today allows Allstate to request a hearing before an administrative law judge.

A company spokeswoman said the move was "not unexpected."

"We remain confident that we are cooperating," said spokeswoman Deb Clouser. "It's just a huge volume of information that they're asking for. It takes time. We have every intent of providing information until they're satisfied."

Share this:

Loading Comments...

Email Print

ADVERTISEMENT