Welcome to

Capitol News Service

Florida's Best Political Television Coverage


Visit the Lobby Tools Website


Visit Legislative IQ Website


Recent Posts



RSS Capitol News LIVE

RSS Quote of the Day

Allstate Asks State for Rate Hikes

November 15th, 2007 by flanews

The Allstate Insurance Company appeared before state regulators Thursday.  The company wants to increase some property and fire insurance premiums by a quarter to more than a third.  Allstate says it is losing money in Florida, despite posting near record profits companywide.  Allstate says it is committed to doing business in Florida.

“We are committed to the Florida property market and I wouldn’t want to speculate about on what may or may not happen with this particular rate hearing,” said Allstate spokesman Adam Shores.  “But we are committed to our customers here.  We’ve made a commitment to be there for them, to meet the promise we’ve made to them. And we’re going to stand by that commitment.”

Allstate is one of several companies that will have to answer to regulators next month about possible collusion.

Posted in Insurance, State News | No Comments »

Leave a Comment

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

copyright © 2016 by Capitol News Service | Powered by Wordpress | Hosted by LyonsHost.com