In other news: Florida and Allstate

Allstate is in the middle of a heap of trouble down in Florida about a proposed 42 percent rate hike on Property Insurance and other practices. The insurance commission wants their papers and Allstate is balking.

“Either you’re going to produce the documents we request or you’re not,’ said Florida Insurance Commissioner Kevin McCarty. “And if you’re not, we will use all means available under Florida law to enforce our authority over our subpoenas.”

This should be interesting to follow: State Suspends Allstate’s License

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