Anti-consumerism in Florida
A Ban on Allstate Upheld in Florida
Excerpt:
A Florida appeals court on Friday upheld a state regulator’s order suspending the Allstate Corporation from writing new insurance policies in Florida.
The Florida insurance commissioner, Kevin M. McCarty, said that Allstate had 15 days to appeal and that he was not sure when the suspension would take effect.
Allstate said it was reviewing the ruling, issued by the First District Court of Appeal in Tallahassee, but believed it was not yet final. Allstate said it would continue to write new business.
“We are very disappointed in today’s ruling and disagree with the court’s opinion,” Allstate said Friday.
The suspension would mainly affect new auto policies, because Allstate said previously it planned to reduce its homeowner policy exposure in Florida.
Comment: And how does this help the consumer?
More importantly, can they still call themselves "Allstate" despite not doing business in all states? :^)
ReplyDeleteI'm so glad to see that the legislature has nothing better to do than to harass insurance companies when prices charged don't correspond with what they promised their legislation could achieve.