A District Court of Appeal reversed a decision of the Florida Office of Insurance Regulation that Allstate could not write any more policies in the state, including auto and life insurance polices until it complied with the state's demand for documents. Since last Thursday they were dead in the water.
The state can appeal the court's decision within 10 days, but may do so sooner. The state certainly got the company's attention. A spokesman for Allstate all but said that word-for-word. Let's hope that they do not get away with their lack of cooperation. The state wants them to prove why they have not cut rates as required by laws that were passed A YEAR ago. I would like to know that too, as I am sure would many of you.
So for now the Good Hands people can continue to do business. Just make sure those hands (or those of any other insurance company for that matter) are not reaching into your pockets more deeply than they should.
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