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Florida gives Allstate the boot :)
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Addicted to MacNN
Join Date: Dec 1999
Location: Tampa, Florida
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Florida suspends Allstate from writing new policies in state - MarketWatch
About time. The Florida government finally stood for their constituents. Will this be the start of a more pro-consumer stance from Tallahassee?
Even the Governor is being direct, suggesting that all Allstate insurance holders should switch insurers. The issue seems to be black and white: Allstate was doing absolutely no good in FL.
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Senior User
Join Date: Feb 2005
Location: Mississippi
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They also need to give Nationwide the boot...
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Clinically Insane
Join Date: Oct 2001
Location: San Diego, CA, USA
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Ouch. That is a PR nightmare.
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Chuck
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"Instead of either 'multi-talented' or 'multitalented' use 'bisexual'."
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Posting Junkie
Join Date: Jun 2001
Location: Baltimore, MD
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Wouldn't the pro-consumer stance be to not limit the choices available to the consumer while, at the same time, encouraging people to educate themselves about the options so they can make the best choice for them?
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Professional Poster
Join Date: Jun 2007
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Yeah, I suppose that's all florida needs now. Less insurance companies writing policies in Florida. Their rates are high as it is, less companies covering that state means higher rates.
As for the article, I do think it was good for them to suspend them, but in the end, the consumer will be paying higher rates.
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Clinically Insane
Join Date: Jun 2001
Location: planning a comeback !
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Are you in good hands ? 
-t
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Addicted to MacNN
Join Date: May 2001
Location: Atlanta, GA
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Originally Posted by nonhuman 
Wouldn't the pro-consumer stance be to not limit the choices available to the consumer while, at the same time, encouraging people to educate themselves about the options so they can make the best choice for them?
They can't play connect the dots on a voting ballot. How are they going to "educate" themselves by reading a legal document?
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Addicted to MacNN
Join Date: Mar 2006
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Some things like car safety, insurance and banking are too complex to expect everyone to become an expert in. In effect, the people pool their resources to hire experts to vet these things and make basic rules to eliminate the worst and most abusive.
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Addicted to MacNN
Join Date: May 2001
Location: Atlanta, GA
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The people that are really going to get hurt by this are the independent agents. Sucks to be an Allstate agent right now. They are NOT in good hands.
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Addicted to MacNN
Join Date: Sep 2000
Location: Isle of Manhattan
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Good. Screwing all those people over.
Am I the only one who thought Florida from Good Times dropped Allstate as an insurer? Nevermind .
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"Faster, faster! 'Till the thrill of speed overcomes the fear of death." - HST
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Registered User
Join Date: Mar 2000
Location: Garden of Paradise Motel, Suite 3D
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Originally Posted by MacosNerd
As for the article, I do think it was good for them to suspend them, but in the end, the consumer will be paying higher rates.
Correct. As a Texas Gulf Coast homeowner and insurance expert, I can attest to that.
(
Last edited by finboy; Jan 17, 2008 at 04:47 PM.
Reason: to clarify)
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Addicted to MacNN
Join Date: Mar 2006
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Higher than what? If people want to live in hurricane zones, why should they not pay high insurance premiums?
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Professional Poster
Join Date: Jun 2007
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Originally Posted by peeb
Higher than what? If people want to live in hurricane zones, why should they not pay high insurance premiums?
True, but then tack on even higher premiums because less and less companies are writing policies. Also how do you think those daily fines are going to be paid. They executives are not going to write a check from their personal bank account. Now, they'll be drawing money from the companie's account and basically charging the consumer.
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Clinically Insane
Join Date: Jun 2001
Location: planning a comeback !
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Originally Posted by MacosNerd
Also how do you think those daily fines are going to be paid. They executives are not going to write a check from their personal bank account. Now, they'll be drawing money from the companie's account and basically charging the consumer.
Which begs the question:
Is my money in good hands ?
-t
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Moderator Emeritus
Join Date: Apr 2001
Location: Fort Lauderdale, FL
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Originally Posted by peeb
Higher than what?
Higher than they were, I'd imagine.
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ice
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Moderator Emeritus
Join Date: Apr 2001
Location: Fort Lauderdale, FL
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Originally Posted by driven
They can't play connect the dots on a voting ballot. How are they going to "educate" themselves by reading a legal document?
Oh, I get it! Floridians are stupid!
Better than living in a hillbilly state I'd venture to say.
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ice
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