First DCA denies Allstate

The First District Court of Appeals has denied Allstate's appeal, like they had suggested they might a few weeks ago. Read it here. That means Commissioner Kevin McCarty can move to stop Allstate from writing new auto business until the insurer complies with regulators' subpoenas.

Comments

Oooh, SNAP!

WHATWHATWHAT!!!!

we ARE an INSURANCE company!

how DARE YOU insist we OBEY the law!

what are you, COMMONISTS, or something?

where's our check book...?

we gots to buy us some more legislators....if'n we don't own all of 'em already!!!!

JEBBA...........

help!!

Perhaps you meant "COMMUNIST"?

Anyway, it is not communism, but economic fascism. either way, it has no place in the United States of America.

[Omega83]

Great. Take an auto competitor off the market and see what happens to our auto rates.

Has Tallahassee injected retard into the water?

[JIM]

It's about time to put an rain on ins co's from over pricing there customers. I don't mind them making a profit ,but billions , come on. no wonder people can't afford ins on there homes, the ceo's are making millions and paying out less what they are taking in with such high rates..put a cap on ins prem.

"It's about time to put an rain on ins co's from over pricing there customers. I don't mind them making a profit ,but billions , come on. no wonder people can't afford ins on there homes, the ceo's are making millions and paying out less what they are taking in with such high rates..put a cap on ins prem."

Do you speak any English as well?

[Omega83]

Jim,

Homeowners have the option to purchase other policies if they don't like the rates being offered by their provider - or used to, until Florida socialized the industry.

Florida rates should have risen over time and risk exposure long ago. That they have been and are capped means the reserves could not be built-up to pay claims.

Economics teaches us that over regulating a private market will always result in undesired effects elsewhere. Tweaking the insurance market over the last 2 decades caused exactly the crisis we are in.

Less regulation should have been the only course of government intervention. Instead, the Legislature and Governor Crist responded to political posturing and have made things infinitely worse.

[John]

So let me ask you a question. Since Citizen's has had its price frozen and according to the "Sink" it needs a 5o% increase. Who do you think will be paying the claims. You will to a tune of about $4000 - $6000 additional besides your own policy deductible for every storm. Good Luck My Universal just went up over 20%. WHAT? Hey CHARLIE, are you listening.

[Disgusted Republican]

Recall CC!!

[smarter than most of them]

Ah yes, the ramblings of uneducated lemmings that do not know what the actual issues are, have probably not read the subpoena to see what was requested, nor seen any of the documentation that was provided.

If you think that the OIR has our (the consumer) best interest in mind you are a fool. This entire matter is clearly political posturing so they can get YOUR vote and take a "LOOK AT WHAT I DID TO THE BIG BAD INSURANCE INDUSTRY" stance.

Quit subsidizing the wealthy fat cats living on our barrier islands and artificial dredged up subdivisions in our bays. This is the real "price fixing." They should be evaluated and charge according to their real exposure, and then the rest of our rates would go way down. But the GOP doesn't believe in "free market" when it has a negative impact on their wealthy contributors.

[Smarter]

Great post "smarter", I could not have said it better myself.

"commonist":

the term half-witted, back-country maroons -- see: folks who use "economic fascism" -- traditionally use instead of "communist" 'cause they have difficulty with english as a first language.

these are also the same sort of folks who actually believe in a "free market economy".

silly folks!!

[mumbles]

the good hands are left wringing

[Omega83]

11:32

a free market economy works - if ever there were a government that allowed it to be free.

"The first rule in economics is scarcity. There is never enough supply to fully meet demand. The first rule in politics is to completely ignore this."

Allstate could gain the upper hand in the court of public opinion (the only one that really matters to OIR) by saying three words: "Publicly define compliance". The OIR doesn't want compliance, they want an open-ended request that can't possibly be fulfilled so that they wield and indefinite and unlimited power over the company. Unfortunately our illogical and uninformed courts have assumed their intentions are noble and indulged an agency which operates in the dark more so than the CIA and has only its own short-term best political interests in mind.

"freemarket"

HAHAHAHAHAHAHAHAHAHAHHA!!

NEVER HAS BEEN ONE,
NEVER WILL BE ONE!!

FOOL!

Of course the DCA denied Allstate. Judge Hawkes wants to take Justice Cantero's job and this is the best way to get appointed.