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Allstate Posts Documents, ORI Wonders Why Now

April 7th, 2008 by flanews

Just hours after a court decided to uphold a suspension against Allstate, the insurer released coveted company documents. Friday the First District Court of Appeals in Tallahassee upheld the states right to suspend the insurer from writing new policies until it turns over documents the state wants to see. Since then Allstate posted some of the documents on its website. The State Office of Insurance Regulation wonders why it took so much litigation to make Allstate turn them over.

What they went through to protect those documents from us and from others, even court in Missouri where they have accrued up to 4 million dollars in fines and penalties and contempt, and not until their license was suspended in Florida, have they decided to issue those documents, said Ed Domansky a spokesperson for the Office of Insurance Regulation.

Allstate has fifteen days to file an appeal to the courts decision.

Posted in Housing, Insurance, State News | No Comments »

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