A Florida appellate court has lifted a stay and upheld a regulator's order suspending Allstate from writing new insurance business in the state.
The order was issued by Florida Insurance Commissioner Kevin McCarty when the company balked at a subpoena that sought massive amounts of material concerning Allstate's ratemaking process and claims handling.
Steve Parton, general counsel of the Florida Office of Insurance Regulation, said late today that Allstate is apparently complying with the request for documents, having supplied more than 100,000 pages of material. But, he said, the suspension will remain in effect until the company certifies that it has supplied all documents and will continue to supply all documents requested by the OIR.
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