Mobile Insurance Headlines

Florida borrows a page from Mississippi AG Hood's book, threatens investigations of insurers

posted 64 weeks ago on Insurance Coverage Blog

This story from the Insurance Journal says Florida regulators have issued subpoenas to Allstate requiring company officials to show up to be grilled at a January public hearing:The subpoenas direct the Allstate companies . . . to testify regarding the companies' reinsurance costs and their relationships to risk modeling companies, insurance rating organizations or insurance trade associations. Gov. Charlie Crist and Insurance Commissioner Kevin McCarty announced the action at a news conference at which they questioned whether Allstate was living up to "the spirit and the letter" of a state law that requires insurers to pass along savings on reinsurance to the public. What do you think this is, a "Hooding" of Allstate? I refer, of course, to the pressure

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