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Lilly, O'Toole & Brown Blog
Lilly, O'Toole & Brown BlogInsurance Disputes
ALLSTATE SUSPENDED FROM ADDING POLICIES
In an unprecedented move the State of Florida has suspended Allstate Insurance Company and two of its subsidiaries from issuing new policies in automobile insurance. Apparently the “Good Hands People” aren’t willing to provide the insurance commissioner with a reasonable explanation for a rate increase request of up to 42% on homeowner policies when there has been no major hurricane event in the state for the past two years. Governor Crist has made it clear that insurance rates are too high in Florida , hopefully this will help these companies understand they can’t take consumers for granted. As a result of the Insurance Commissioner’s request for more information on why the rate request is so high, apparently Allstate has decided to either lower their rate request or withdraw it completely.
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Lilly, O'Toole & Brown, LLP
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