A Florida appeals court said yesterday that Allstate can stay in business in the state and put off a final decision on whether Insurance Commissioner Kevin McCarty has cause to lift the insurer's license.
Mr. McCarty issued a suspension order on Jan. 17, but the company went to the First District Court of Appeal in Tallahassee and secured a temporary restraining order, which is in effect until an expedited appeal is heard.
The court, in rejecting an immediate lifting of its stay of the commissioner's order, said yesterday it was expediting a final appeal process.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
