State hits Allstate; Allstate Retaliates
Insurance Commissioner Kevin McCarty decided Thursday to throw the entire book at Allstate.
A day after telling Allstate to stop writing new auto insurance policies in Florida, McCarty, Florida's insurance commissioner, expanded his order to include all lines of insurance. As of noon Thursday, Allstate could no longer sell any new insurance of any kind in Florida, including auto, homeowners, medical malpractice, workers compensation, aircraft, and credit life and disability. Read more here.
UPDATE!! Allstate strikes back. They've filed an injunction in the First DCA to prevent OIR from suspending their licenses. See it here.