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Court Gives Allstate the Go Ahead

January 31st, 2008 by flanews

The court that let Allstate continue selling policies after the state tried to shut them down has rebuffed the state’s appeal. An appeals court rejected the state’s attempt to immediately stop Allstate from writing new insurance policies in Florida. Regulators have ten days to submit paperwork supporting their decision to suspend the company’s licenses. A spokesperson for Florida’s Insurance Commissioner said the ruling doesn’t bother him, since his office has already received thousands of documents.

“They can continue to sell insurance and for them, it’s business as usual,” said Ed Domansky, a spokesperson for The Florida Office of Insurance Regulation. “It also means that there are some time frames in place now for documents to be filed with the courts as part of the appeals process.”

Allstate carries about 300,000 Homeowners policies in Florida.

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