Avenging for lower property insurance
Florida Insurance Commissioner Kevin McCarty gripped the lectern and leaned into the bank of microphones.
"We're going to hit them where it hurts," he said.
In a move unprecedented in Florida regulatory history, McCarty on Wednesday issued an order banning Allstate Insurance Corp. from writing new auto insurance policies in the state until the company complies with subpoenas sent by state regulators in October. Read more here.