INSURANCE REGULATORS FILE ADMINISTRATIVE COMPLAINT AGAINST ALLSTATE

K.C. Bouchillon

Attorney
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The Florida Office of Insurance Regulation has filed an administrative complaint seeking to suspend Allstate's authority to write policies in Florida. This is the latest salvo in the battle between regulators and Allstate over Allstate's refusal to turn over documents or give straight answers to its request to increase rates as much as 41%.

The regulators previously suspended Allstate's authority after Allstate refused to cooperate in hearings to get to the bottom of why Allstate wants a huge rate increase when other insurers are decreasing or maintaining their rates. An appeals court lifted that ban until it could obtain further information, and that appeal is still pending.

The administrative complaint is a separate legal proceeding, in which the regulators are asking an administrative law judge to enter a separate finding and order suspending Allstate's authority.

In the meantime, Allstate has refused to budge.