InsuranceYak.comAllstate Florida got a court order lifting the suspension issued by the Florida Office of Insurance Regulation. Florida OIR has ten days to show why the suspension should be reinstated.
In a written statement, Allstate said, “The ruling allows Allstate’s more than 1,100 Florida agents and their employees to continue to create jobs and serve their […]
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 […]
Allstate Insurance Blocked from Writing New Business in State of Florida
Editors note: In my opinion, Florida is doing Allstate a tremendous favor. The Florida Office of Insurance Regulation, the state assembly and the Goveners office have done a terrible job of trying to reel in insurance costs by overregulating the insurance companies. Florida has the […]
Overall, 2007 was a good year to be in the insurance industry. Most companies have done well for themselves and strengthened their financial positions. Here’s a recap of some of the biggest events (or non-events) from 2007.
1. Climate Change
2007 marked a turning point on climate change..the insurance industry realized it could hit their bottom line!
Munich […]
Toyota has been running commercials showing people going to great lengths to get rid of their current vehicle:
A lady cuts a tree branch which falls on her car.
A man throws a rope on his Ranger as a ferry pulls away from the dock, pulling it into the water.
Another man pushes a Jeep Grand Cherokee off a parking […]
Vatican publishes “Pastoral Care of the Road”
Reprinted from June 2007 Ohio Insurance Forum
Why are Christian virtues – justice, prudence, charity and forgiveness– so hard to practice in your car? I’ve always felt a person’s auto gives them some feeling of anonymity; another faceless driver tooling through the world, and in a sense that’s somewhat true. […]
Late Friday, E-Trade Financial Corp. (NASDAQ:ETFC) said deterioration in the value of its mortgage-backed securities has fallen significantly. The online brokerage said the weakness will lead to bigger-than-expected write-downs in the fourth quarter.
Word on the street is there’s 15% chance of the company going into bankruptcy. E*Trade has protection for it’s brokerage customers through SIPC, a […]
An introduction is in order as InsuranceYak welcomes a new contributor. Aaron Pinkston is Director of Insurance for Council Financial, a Cary NC firm that has served their clients for over 20 years. We at InsuranceYak would like to welcome Aaron and look forward to his contributions.
Insurance is an easily misunderstood financial tool. I feel […]
This new site is dedicated to the discussion of insurance and related issues. Readers of Ohio Insurance Forum will recognise postings that I’ve done in the past and look forwards to new articles. I welcome any insurance professional to contribute articles on any related topic. Over time, I will be developing a list of recommended […]
January 18, 2008 
