A hearing probing the background of Allstate's Florida property insurance rate hike requests was abruptly halted yesterday by the state insurance commissioner, who said the company failed to provide the information he wanted.
Today Commissioner Kevin McCarty said he was suspending Allstate's license to sell auto insurance until they complied with the Office of Insurance Regulation's subpoena demanding a variety of information.
He said the move would not affect the company's ability to provide coverage to current policyholders or those seeking renewals.
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