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Still Waiting for Answers in Allstate Case

May 19th, 2008 by Mike Vasilinda

Governor Charlie Crist is hoping for some speedy answers about Allstate Insurance. Today he praised the effort to get documents from the reluctant company, now he want to know if the company colluded with others to set rates and if it was denying valid claims based on a formula.

“We’ve been successful in simply getting them to answer a subpoena,” Crist said. “It shouldn’t be that hard but they’ve finally now done so, according to the commissioner and I’m delighted about that fact. Maybe now we’ll get to the truth as to why they were raising their rates when they represented to members of the Florida Senate and the Florida House that they in fact were going to drop them. I’m very curious and anxious to have those documents reviewed.”

Allstate tuned over the last of hundreds of thousands of documents after regulators suspended the company’s ability to sell new policies.

Posted in Business, Charlie Crist, Insurance, State News | No Comments »

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