I wrote a week ago about Allstate’s refusal to turn over documents to Florida regulators and the subsequent banning of Allstate from writing policies. The ban lasted a day until Florida’s Appeals Court overturned it.
Yesterday, Allstate turned over documents. Well, some documents. Allstate is apparently turning over the documents in “waves.” I am not sure if Allstate’s spokesperson sees the pun there. After all, it is Allstate. (Waves, as in, from the ocean, which damage many Florida properties during hurricane season.)
In the meantime, Florida is going to court to try to get the Appeals Court to overturn its last decision and uphold the ban. Allstate, meanwhile, is arguing that its license can never be suspended unless the safety and welfare of Floridians is at risk. Fascinating argument, but seems weak to me.
By the way, kudos to the Palm Beach Post and Randy Diamond for great coverage of this continuing story.