January 18, 2008
In a follow up to yesterday’s blog post Allstate has responded to the suspension of authority to write new business in Florida:
From the Allstate Media newsroom:
“Allstate is committed to working diligently with the Office of Insurance Regulation (OIR) to create solutions and ensure there is a healthy insurance market for Florida consumers.
We were surprised at the OIR’s actions yesterday and today based on our dealings with them over the course of several months and dozens of phone conversations. Since receiving the subpoenas, Allstate has produced nearly 40,000 pages of information and will continue to produce responsive documents to the OIR on a rolling basis.
We have not yet received an order and are evaluating our options. At this time, it is not clear how this action will affect Allstate or the more than 1,100 Allstate agents in Florida who are small business owners and employers.
Allstate remains committed to providing service to our nearly two million customers in Florida.”
Who will win the standoff between the grandstanding politicians and the poor over- regulated insurance company? Stay tuned for the continuing saga ..
