Best & Anderson, P.A.

As reported by the Orlando Sentinel on 1/17/08:


Three cheers to the Florida insurance commissioner for trying to stop Allstate from writing policies for anything in Florida. We passed comprehensive insurance reform making it less expensive for insurers to obtain re-insurance. Instead of passing the savings along, the insurance industry changed the pricing models to look only at the past five years.The shorter period takes into account the hurricanes of 2004 and 2005, but ignores the long stretch before that without hurricanes. It also fails to take into account Allstate has dropped hundreds of thousands of policyholders in the past several years, greatly reducing the company's exposure.If Allstate and other companies won't comply with subpoenas to provide information to justify their extraordinarily high rate increases, the state should block them from writing new insurance until they comply. If insurers still cannot find a way to bring rates down, we should not use tax dollars for re-insurance.