Allstate Comments on Florida First District Court of Appeal's Ruling

Jan 18,2008 00:00 by Business-Wire

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Allstate and Allstate Floridian are pleased with the Florida First District Court of Appeal’s decision to grant an immediate stay from the Florida Office of Insurance Regulation’s order to cease writing new business.

This ruling allows Allstate’s more than 1,100 Florida agents and their employees to continue to create jobs and serve their communities while we continue to provide the OIR with information.

Allstate Floridian Insurance Company and Allstate Floridian Indemnity Company are independent subsidiaries of The Allstate Corporation and are the primary providers of personal lines property insurance in Florida for the Allstate group. Allstate Floridian Insurance Company and Allstate Floridian Indemnity Company sell homeowners, condominium owners, renters and mobile home insurance protection through nearly 900 agencies in the state of Florida. Property insurance policies sold by Allstate Floridian Insurance Company and Allstate Floridian Indemnity Company are not underwritten or reinsured by any other company in the Allstate group.

The Allstate Corporation (NYSE: ALL - News) is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re In Good Hands With Allstate®” slogan, Allstate helps individuals in approximately 17 million households protect what they have today and better prepare for tomorrow through approximately 14,600 exclusive agencies and financial representatives in the U.S. and Canada. Customers can access Allstate products and services such as auto insurance and homeowners insurance through Allstate agencies, or in select states at allstate.com and 1-800 Allstate®. Encompass® and Deerbrook® Insurance brand property and casualty products are sold exclusively through independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity, banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers.

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Source: Allstate

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