Allstate Gets a Break on Writing New Policies in Florida

A Florida appellate court has granted a 10-day stay of an order that prohibited Allstate from selling new auto insurance policies in the state. Last week, Florida Insurance Commission prohibited the insurer from writing new policies because it had not complied with a subpoena to disclose documents related to its property insurance business. Allstate has been the subject of an investigation that hopes to determine whether the company conspired to prevent insurance rates from falling. Reuters, Reuters 01/21/2008
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