Florida's top insurance regulator said today he will not implement his order suspending Allstate's ability to write new business, which an appeals court ruled Wednesday was his right.
Insurance Commissioner Kevin McCarty announced that he had ordered a stay of the suspension because the Northbrook, Ill.-based insurance giant had finally complied with a subpoena issued by his Office of Insurance Regulation last October seeking thousands of documents from the insurer.
He warned that the suspension could go back into effect if he seeks more material and the insurer does not comply.
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