TALLAHASSEE – The District Court of Appeal, First District, granted Allstate Insurance’s emergency motion for immediate relief Friday afternoon, allowing the insurance company to again write policies in the state of Florida.
Florida Insurance Commissioner Kevin McCarty announced Feb. 16 that he is suspending the certificate of authority of Allstate Companies to write new insurance in Florida until they fully comply with the subpoenas served Oct. 16 by the Office of Insurance Regulation.
"In view of Allstate's ongoing, blatant disregard of our subpoenas, I have little choice but to take an action that will send a clear message about how seriously I am taking this issue," McCarty said. "Suspending their certificate of authority to write new business in our state should make my point.
"If Allstate is willing to pay $25,000 per day in fines to a Missouri court for its ongoing failure to provide similar documents, it's obvious to me that it will take more than a monetary sanction to get them to comply with our subpoenas."
Allstate argued that the Office of Insurance Regulation “abused its power by issuing an emergency order that is intended to function as a punitive stick against the Allstate Companies.”
In the appeal Allstate said it had attempted “and are continuing in good faith to respond to the subpoenas and produce as best they can and as quickly as is practicable the huge volumes of documents requested by the Office of Insurance Regulation, while preserving their right to interpose appropriate objections to improper requests.”
Allstate further stated that the Office of Insurance Regulation’s actions had damaged the company’s reputation and jeopardized the livelihoods of agents and their support staff who rely on revenues resulting from writing new policies.
McCarty said despite the court order he would continue to do what’s necessary to protect Florida consumers.
"I stand behind the order I issued Thursday suspending the Allstate companies from writing any new business in Florida until they have fully complied with the subpoenas my office sent them Oct. 16,” McCarty said.