Thursday, January 17, 2008

Florida's Allstate Fight Intensifies - WSJ.com

Florida's Allstate Fight Intensifies - WSJ.com:

By M.P. MCQUEEN
January 17, 2008

Florida's insurance commissioner took the unusual step yesterday of suspending Allstate Corp.'s license to sell car insurance in the state, in retaliation for its alleged failure to fully respond to a subpoena for information about homeowner insurance.

The regulator's action means that Allstate's subsidiaries can't sell any new auto policies there until the commissioner decides to lift the ban."

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