Allstate Hearings End Apruptly

January 15th, 2008 | Category: Tampa Blog

TALLAHASSEE - After just three hours of sometimes heated exchanges Tuesday, Florida Insurance Commissioner Kevin McCarty abruptly adjourned a rare two-day hearing on Allstate Floridian’s underwriting practices.
McCarty accused the company of sending regulators a 51-page objection to the subpoenas, while additionally sending more than 30,000 documents that included little or nothing of value.

“They sent us rate filings already posted on our Web site,’’ McCarty said.
No term has been set for a resumption of the hearing.
Regulators want to know about Allstate’s relationships with rating services, trade groups and hurricane modeling companies.
–Times Staff Writer Tom Zucco

Original post by Times Editor

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