Allstate is pondering its next move after Florida's insurance commissioner announced he was suspending the insurer's license to write new auto insurance business in the state until the carrier provides material he has demanded in a subpoena.
The action by Commissioner Kevin McCarty came in the midst of a dispute between the state and the insurer over what their rates for property insurance should be.
"We have not yet received an order and are evaluating our options. At this time, it is not clear how this action will affect Allstate or the more than 1,100 Allstate agents in Florida who are small-business owners and employers," the company said.
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