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Fla. Says Allstate Rehearing On Suspension Unnecessary

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, b

By Matt Brady | Updated on April 17, 2008

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.

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