MCCARTY WON’T APPROVE ALLSTATE REQUEST

A decision not to approve a rate request by Allstate Floridian Insurance Company and Allstate Floridian Indemnity Company was announced by Florida Insurance Commis-sioner Kevin McCarty.

McCarty’s decision was applauded by Tom Gallagher, Florida CFO, who said an independent review by the Consumer Advocate’s Office in August revealed that the companies’ rate requests were unjustified.

“This is great news for Allstate’s policyholders,” Gallagher said. “We will continue to closely scrutinize rate requests and demand accountability.”