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 Wordy Trailblazer
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That “snap” you heard Friday was the worsening of Allstate agents’ whiplash. From the AP: Allstate Corp.’s subsidiaries can resume selling new car insurance and other policies in Florida after the insurer turned over documents showing how it sets homeowners rates, the state said Friday. Insurance Commissioner Kevin McCarty lifted the suspension because he said Allstate has [...]
Seen on the newswires: A Florida court Wednesday reaffirmed the state’s ban on Allstate Corp. issuing new insurance policies in the state and denied the insurer a rehearing in the case. Florida’s insurance commissioner said the First District Court of Appeal lifted a stay on the suspension of the license that had been in effect while Allstate [...]
It seems that Allstate’s doors are open for new business again. Seen in Insurance Journal: Allstate Insurance Co. filed a motion Monday with Florida’s First District Court of Appeal requesting a rehearing of an opinion the court issued on April 4, which lifted a stay of suspension to write new business. The suspension of Allstate remains [...]
Apparently, Allstate’s been very busy trying to head off bad PR from publication of a new book purporting to air alleged dirty laundry in Allstate’s claims shop. You can now find 150,000 pages of claims handling documents from the ’90’s on Allstate’s website. A press release explains why they’re there: Allstate announced today that it publicly [...]
Seen in an Orlando Sentinel blog: Insurance Commissioner Kevin McCarty—his first effort rebuffed by the 1st District Court of Appeal—is still trying to suspend Allstate’s license to sell insurance in Florida. Angry because the Illinois-based company has refused to produce internal documents that the Office of Insurance Regulation subpoenaed months ago, McCarty filed a 62-page complaint [...]
(Via Gotcha Covered) 2008 is shaping up to be a particularly challenging year for Allstate. First, we have the antics taking place in Florida. And now, it seems, there’s a little light reading coming onto the market that Allstate won’t be too happy about: David Berardinelli’s From Good Hands to Boxing Gloves. Quoting the [...]
Seen on the AP wire: A row of Allstate officials went before the Senate Select Committee on Property Insurance Accountability to answer questions about why the company has asked to increase home insurance rates despite a new law intended to lower premiums.[...] One of the main differences between what the company has asked to charge customers and [...]
Seen at Insurance Journal: The 12-page response to a Jan. 18 order staying the suspension argued, among other things, that Allstate’s failure to provide the documents is a crime and “further evidenced a continuing attempt by [Allstate] to improperly subvert, manipulate and undermine the regulatory process. There can be no more clearer threat to the safety [...]
I came across this article in this morning’s Wall Street Journal (subscriber link): Regulators accused the company of failing to comply with a subpoena issued in October. In it, Florida Insurance Commissioner Kevin McCarty demanded documents detailing Allstate’s relationship to insurance trade groups, risk-modelers and ratings agencies as part of an inquiry into why insurance overhauls [...] |
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