Stop publishing the incorrect version of the judges decision. Allstate has 15 days to file an appeal or face suspension. It does not take immediate effect.
Duh…this was the appeal hearing and according to the actual order new business has been stopped immediatly! Way to go Kevin!!! Apparently even the courts realize what crooks Allstate is! If you read the order it states they believe that Allstate will continue there practice of not complying with the ruling.
so what is the real reason behind the suspension? i know there was another article earlier that mention somethings. but how can you say crooks? for what reason?
I like the interesting stuff but I am still waiting for someone to tell me why they are crooks and why their agents are suing? That would be interesting as well!
I really feel that all the companies should shut down in Florida or at least threaten a pullout. The seniors would storm the capital. I am already hearing from my clents that are sunbirds and I live in Illinois.
Ok, I will ask again. Why are they crooks? I don’t know why any company would want to do business in Florida with a gov that thinks like a dictator. I don’t write for Allstate and would like to know why they are crooks and why is there a class actiion from the agents.
At this point, the suspension is fruitless. Allstate has already stopped writing homeowner policies in Florida, in addition to State Farm. So what is the use. The OIR should levy fines in excess of $100,000 per day for non-compliance.
In addition, the OIR should levy the same fines to any other carrier that is not complying with the discounts reflecting the re-insurance program.
According to Sen. Geller, 80% of the carriers writing windstorm coverage are non-compliant with the mandated rate reductions!!!
If anyone has read the subpena in question they should understand the reason for the delays in compliance. Many of the requested documents go back to 1996. Much of this would be nearly impossible to locate since the state only requires that companies hold filings for 7 years. I can also understand Allstates concerns that some of the requested information is irrelvant, such as the names and addresses of employees. Once allstate provides this information, it becomes public record and now they have published the names and address of their employees which will be sure to spawn several lawsuits. For those of you who believe that Allstate is intentionally witholding information it would do you good to review exactly what the Omnipotent FLOIR is requesting. http://www.floir.com/pdf/allstatesubpoena.pdf
Take a look and then convince me they are crooks for disagreeing with these ridiculous requests.
There must be some validity to the supeona…which is the credible term. Not request. In addition, Allstate had enough time to request a hearing prior to disregarding the “order to product documents.”
I think the OIR was trying to set a standard within the industry and it back-fired.
But at this point, they have to proceed otherwise the rest of the industry will take it for it’s worth, that the OIR has no credability.
But on the same note, with legislation that is vague and the OIR the is so black and white… it’s a mess altogether.
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Stop publishing the incorrect version of the judges decision. Allstate has 15 days to file an appeal or face suspension. It does not take immediate effect.
Get the story right!
Duh…this was the appeal hearing and according to the actual order new business has been stopped immediatly! Way to go Kevin!!! Apparently even the courts realize what crooks Allstate is! If you read the order it states they believe that Allstate will continue there practice of not complying with the ruling.
so what is the real reason behind the suspension? i know there was another article earlier that mention somethings. but how can you say crooks? for what reason?
Allstate are crooks why do you think there is a class action law suit by their own agents!
I like the interesting stuff but I am still waiting for someone to tell me why they are crooks and why their agents are suing? That would be interesting as well!
I really feel that all the companies should shut down in Florida or at least threaten a pullout. The seniors would storm the capital. I am already hearing from my clents that are sunbirds and I live in Illinois.
All ye who yelled crooks, I am still waiting.
Ok, I will ask again. Why are they crooks? I don’t know why any company would want to do business in Florida with a gov that thinks like a dictator. I don’t write for Allstate and would like to know why they are crooks and why is there a class actiion from the agents.
At this point, the suspension is fruitless. Allstate has already stopped writing homeowner policies in Florida, in addition to State Farm. So what is the use. The OIR should levy fines in excess of $100,000 per day for non-compliance.
In addition, the OIR should levy the same fines to any other carrier that is not complying with the discounts reflecting the re-insurance program.
According to Sen. Geller, 80% of the carriers writing windstorm coverage are non-compliant with the mandated rate reductions!!!
Where is the justice?
http://www.insurancejournal.com/news/southeast/2008/01/16/86463.htm
If anyone has read the subpena in question they should understand the reason for the delays in compliance. Many of the requested documents go back to 1996. Much of this would be nearly impossible to locate since the state only requires that companies hold filings for 7 years. I can also understand Allstates concerns that some of the requested information is irrelvant, such as the names and addresses of employees. Once allstate provides this information, it becomes public record and now they have published the names and address of their employees which will be sure to spawn several lawsuits. For those of you who believe that Allstate is intentionally witholding information it would do you good to review exactly what the Omnipotent FLOIR is requesting. http://www.floir.com/pdf/allstatesubpoena.pdf
Take a look and then convince me they are crooks for disagreeing with these ridiculous requests.
There must be some validity to the supeona…which is the credible term. Not request. In addition, Allstate had enough time to request a hearing prior to disregarding the “order to product documents.”
I think the OIR was trying to set a standard within the industry and it back-fired.
But at this point, they have to proceed otherwise the rest of the industry will take it for it’s worth, that the OIR has no credability.
But on the same note, with legislation that is vague and the OIR the is so black and white… it’s a mess altogether.