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  • FHP Troopers Reprimanded, Fired, Suspended for Overtime Violations 1, September3, 2015
    One of three state troopers reviewed under a special overtime program to deter speeders has been found to claim overtime for hours spent at home or eating, But as Mike Vasilinda tells us, some of those being disciplined say they were following an unwritten rule that’s been in place for decades. More than 900 troopers […]
    Mike Vasilinda
  • Emails Show Governor’s Office Changed Planned Parenthood Press Release 1, September2, 2015
    Emails show the Governor’s office changed a press release involving investigations into Planned Parenthood, and as Matt Galka tells us, the healthcare group says the changes show the Governor was only trying to play political games. Viral videos from another state sparked outrage over Planned Parenthood’s alleged fetal remains practices.  The videos caused Governor Rick […]
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  • Underage Bar Hopping Difficult for Lawmakers 1, September2, 2015
    Wednesday is often called over the hump day, a chance to start celebrating the coming weekend. The drinking age in Florida is 21, but 18 year old’s are allowed in bars. It’s gotten three FSU football players in hot water, but as Mike Vasilinda tells us, keeping underage people out of bars has always been […]
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  • DOE says Test Scores Will Count, Superintendents Cry Foul 1, September1, 2015
    Test scores from this spring will count says the State Department of Education after a new report ordered by lawmakers has been released. But as Mike Vasilinda tells us, school superintendents say the report points out too many problems to ignore. After thousands of students were unable to take standardized tests this past spring, state […]
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  • Solar Amendment Gets Day in Court 1, September1, 2015
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  • Arrest Made in FSU Attempted Abduction 1, September1, 2015
    A 35 year old man is in custody in the state Capitol tonight. Antoine Warren was driving on the FSU Campus late Monday when he approached a young woman and asked if she was waiting for an Uber driver. The woman got into his car, but after driving aimlessly, the man tried to assault the […]
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  • Ethics Commission Staff Seek Financial Disclosure Compliance 1, August31, 2015
    Hundreds of public officials across Florida are about to be fined twenty-five dollars a day because they have failed to file required financial disclosure information. The information was due July first, but as Mike Vasilinda tells us the grace period to file the financial snapshot for almost a thousand people who have yet to file […]
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  • Tracking TS Erika 1, August28, 2015
    Watching and waiting. That’s what state officials and Floridians are doing as all eyes are on Tropical Storm Erika and it’s still to be determined path towards Florida. As Matt Galka tells us, the Governor has already issued a state of emergency. The effect Tropical Storm Erika will have on Florida is still very unclear.  […]
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  • A Small Panhandle Dairy Fights State Over “Natural” Skimmed Milk 1, August28, 2015
    A small panhandle dairy 50 miles west of the State Capitol has been fighting the state for three years over whether or not it can sell it’s skim milk without being forced by the state to add vitamins to the milk. As Mike Vasilinda tells us, A federal judge may soon make the call. Ocheese […]
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  • Hurricane Ready 1, August27, 2015
    State officials are tracking Tropical Storm Erika as it makes it’s way potentially toward Florida. As Matt Galka tells us, it could turn into a hurricane, and the Governor says after all these years of Florida being hurricane-free, people still need a plan. Emergency management officials briefed Governor Rick Scott on the latest information for […]
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Allstate To Cut Rates

August 15th, 2008 by Anna Laura Rehwinkel

The war between the Office of Insurance Regulation and Allstate is over for now. State regulators reached an agreement with the insurer. This is good news for Allstate customers who will see a drop in rates, and more policies written. Allstate got in trouble after they asked the state for a rate hike last October and then failed to provide regulators with documents they subpoenaed. After several hearings the insurer was band from writing new business in Florida for about a week. Since then Allstate has been more cooperative with regulators. To make amends the insurer has agreed first of all to pony up 5 million dollars in fines, and secondly theyll write 100,000 new policies in Florida over the next three years.

50,000 must be homeowners policy, 50,000 can be condos, renters or other residential policies. Item number three Allstate agrees to further reduce their insurance rates across the board by an additional 5.6 percent, said Florida Insurance Commissioner Kevin McCarthy.

Allstate has 30 days to pay their fines and lower rates and a September 15th administration hearing with the Insurer has been cancelled.

Posted in Insurance, State News | No Comments »

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