Florida's Supreme Court declined Wednesday to intervene in the dispute between Allstate and the state Office of Insurance Regulation that had led to the insurer's suspension.

When Allstate balked at supplying documents subpoenaed by the OIR, the firm was suspended by Insurance Commissioner Kevin McCarty--a move he ultimately reversed. The material was requested so OIR could examine Allstate claims handling and rate setting practices.

In its decision, the court said it "determined that it should decline to accept jurisdiction," and ordered Allstate's petition for review to be dismissed.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.