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?

Umbrella Coverage

Umbrella Coverage for Preventing Your Ruin

Excerpt:

But many people with major assets either do not buy the extra coverage or do not buy enough. Some do not know about umbrella coverage, which also pays for lawyers and other legal expenses. Others have heard of it but do not understand it. Still others decide that they do not want to pay for it, even though the cost is usually a fraction of the price of a typical package of home and auto insurance.

Comment: We find this protection valuable.