The Florida Office of Insurance Regulation advised an appeals court yesterday it should not hold a rehearing on its decision allowing a regulator to suspend Allstate's ability to write new business, because the insurer gave it no grounds for such action.
OIR's argument, in a filing with the Florida First District Court of Appeals in Tallahassee, responded to the company's request Monday asking the First District to reexamine its suspension ruling.
Insurance Commissioner Kevin McCarty acted to halt the company from writing new business after it balked at handing over reams of documents he asked for prior to a hearing to examine an Allstate rate increase request and company business practices.
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