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Allstate Insurance Co. and its affiliates are committing "an ongoing crime" by failing to submit all documents the state demanded as part of an investigation of homeowner insurance prices, according to a legal response state officials filed to an appeals court Wednesday.
"There can be no more clearer threat to the safety and welfare of the public than a continuing willful violation of the law," Office of Insurance Regulation officials wrote to the First District Court of Appeal to justify barring 10 Allstate companies from selling new insurance policies in Florida.
Allstate's failure to turn over all the documents led Florida Insurance Commissioner Kevin McCarty to cancel a hearing last week investigating the insurer and to suspend 10 Allstate companies' licenses to do business statewide. He said this action — the first of its kind for his office and the state's boldest move in a long-simmering feud with property insurers — was the only way he could effectively pressure Allstate into providing the records.
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