Well they finally made the Florida legislature mad enough to do something. For years Allstate has promised to lower rates if given various tort reforms and other perks from our lawmakers. The state always fell for it (read “insurance money political contributions”), but the companies never lowered their rates and the consumers continued to pay through the nose, only with more and more of their right of access to the courts taken away. The legislature fell for it again when Allstate asked for billions of dollars worth of re-insurance from the State of Florida for wind dmage claims, promising to lower rates to Florida citizens. This time, when they failed to make good on their phony promises, the got subpoenas from the legislature. Since they have never been afraid of the own lapdog politicians, they failed to respond and showed their usual bad faith. When hauled before committees to testify, Allstate told the press that “we look foorward to discussing these important issues with our lawmakers.” Baloney. Whatever they said in response to the questioning so riled they lawmakers that they finally acted and took away Allstate’s ability to write auto insurance in the State of Florida. Click here. Ouch.
Don’t expect it to last long. I hear some political contributions are on their way to Tallahassee and they aren’t coming from the homeowners.
For more information on this subject, please refer to the section on Car and Motorcycle Accidents.