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Thursday, February 7, 2008
Allstate Permitted to Continue to Write Policies in Florida Despite Refusal to Lower Premiums as Required by Florida Law
The Florida Department of Insurance "want Allstate to explain why it hasn't reduced property insurance rates enough under a state law passed last year that was designed to lower premiums. The company, which has 1,100 agents in Florida, carries roughly 300,000 homeowners policies in the state _ many in central Florida and away from the riskier coastal areas." In a ruling by the 1st District Court of Appeal, the Court gave Florida Insurance regulators 40 days to provide the documentation supporting their decision to suspend Allstate's ability to write new policies in the State of Florida. See Full Article
posted by Mark at 3:03 PM
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13330 West Colonial Dr, Suite 140
Winter Garden, FL 34787
407-877-7317
Winter Garden, FL 34787
407-877-7317
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