A decision not to approve a rate request by Allstate Floridian Insurance Company and Allstate Floridian Indemnity Company was announced by Florida Insurance Commis-sioner Kevin McCarty.
McCarty’s decision was applauded by Tom Gallagher, Florida CFO, who said an independent review by the Consumer Advocate’s Office in August revealed that the companies’ rate requests were unjustified.
“This is great news for Allstate’s policyholders,” Gallagher said. “We will continue to closely scrutinize rate requests and demand accountability.”
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: After 3 Years of Retreat, Insurance Capacity Is Returning to California 
FBI Investigating Possible Exposure of Millions of American IDs 
UnitedHealth Sells Interest in Florida WellMed Clinics to TPG 
Seven Charged in $100 Million Workers’ Comp Fraud in Florida From This Issue
