Florida Insurance Commissioner Kevin McCarty turned up the heat today in his effort to make Allstate lower property coverage rates, revealing that his suspension of the insurer's license was being expanded to include all lines of insurance.
Mr. McCarty had said yesterday he was moving to revoke Allstate's right to do business conducted by three of its units that provide auto insurance, but today he issued an order that included all 10 of Allstate's Florida companies.
A spokesman for the commissioner e-mailed that “after further review with his legal staff, Commissioner McCarty determined that the better decision was to have the suspension apply to all of Allstate's new business.”
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