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.
Older, Wealthier Renters Drive Changes in Insurance Needs 
Wall Street Is Gaining Access to New Catastrophe Models to Help Predict Wars 
El Nino Is Here and Scientists Fear It’ll Bring Costly Heat, Floods, Droughts, Fires 
Mississippi Insurance Dept. Top Examiner Named in $90M Credit Union Theft Suit From This Issue
