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Allstate Can Sell Insurance Again
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Published: January 18, 2008
TALLAHASSEE - A Tallahassee court has lifted the state's order preventing Allstate companies from selling insurance in Florida.
The First District Court of Appeal this afternoon agreed with Allstate lawyers that state Insurance Commissioner Kevin McCarty did not have authority to issue an emergency order that is supposed to be employed to stop specific immediate dangers to the public health, safety or welfare.
McCarty took the action Wednesday to retaliate for what he called Allstate's "blatant disregard" for subpoenas relating to a state investigation into the way the company sets its homeowners' insurance rates.
The court ruling means Allstate agents may continue to write auto, rental, boat, motorcycle, and other types of insurance here. They had been barred from conducting new business in Florida as of Wednesday's order by McCarty.
Stay with TBO.com for details as this story develops.
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