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Office Statement

Statement By Florida Insurance Commissioner Kevin McCarty On District Court Order To Expedite Appeal Process Of Allstate License Suspension
Thursday, January 31, 2008
Contact Info:

Ed Domansky 
850-413-2515                                                  
Edward.Domansky@floir.com

TALLAHASSEE, Fla. -- "While I am disappointed that the District Court did not decide to reinstate my office's suspension of Allstate, I am encouraged that the Court on its own motion has decided to expedite the appeal process.
 
"I remain committed to getting answers to questions about Allstate’s business practices and relationships with rating agencies, catastrophe modeling companies and industry trade groups.
 
"Although my office has not yet received all the documents requested from Allstate, I remain confident that everything in our subpoenas will be produced in a timely fashion and that we will continue to work together toward an amicable resolution of this matter.
 
"All the documents requested in our October subpoenas were due at the Jan. 15 hearing, but I am encouraged that as a result of my suspension order Allstate within a week produced about 25,000 pages of documents.
 
"I remain ever committed to Florida consumers to get to the bottom of this issue and to ensure that Allstate is held accountable to the law."
 
Note: The DCA has expedited Allstate's appeal of the commissioner's Jan. 17 Immediate Final Order suspending the companies' licenses to write any new business in Florida and has directed that: 
  • the record be filed within 15 days
  • the initial brief be filed within 10 days after that
  • the answer brief is to be filed 10 days later, and
  • the reply brief 5 days thereafter.

The decision would be rendered at anytime after the reply brief is filed.


The Court’s order is available for your review.

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Contact Info:

Ed Domansky 
850-413-2515                                                  
Edward.Domansky@floir.com

About the Florida Office of Insurance Regulation
The Florida Office of Insurance Regulation (Office) has primary responsibility for regulation, compliance and enforcement of statutes related to the business of insurance and the monitoring of industry markets. For more information about the Office, please visit www.floir.com or follow us on Twitter @FLOIR_comm.

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