A Florida judge yesterday rejected a Cincinnati insurer's efforts to stop a probe by the state Office of Insurance Regulation into "potential collusion" over rates by property insurers.

Leon County Circuit Court Judge Charles Francis dismissed petitions filed by the Cincinnati Insurance Co. and the Cincinnati Indemnity Co. on the ground that the court did not have appropriate jurisdiction to consider the matter.

Judge Francis, in a written ruling, said the law is clear and there is no "means for the petitioners to initiate review of the office's investigatory subpoenas in Circuit Court."

Recommended For You

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:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.