Allstate Barred in Florida

So, not quite MIST related, but if you want to handle MIST cases, you need to know what is going on in the industry. The latest: Allstate has been barred from selling policies in Florida.

Here are three stories about this. One from the Palm Beach Post, and then two from South Florida Sun-Sentinel, including one about how Allstate was surprised by this.

Why do you care? Allstate was really the first insurance company to push the MIST defense. Prudential was at the head of the curve, but they are no longer in business. Allstate, however, really was the first one to set up dedicated units and take a no-pay approach.

What to do with the information? First, it is great marketing. You will be able to explain to clients why it is important now to take Allstate cases. Second, especially for my Florida readers, you may be able to get some decent settlements now without incurring extra costs. Allstate has its hands in a few pots and the claims payments may increase in an effort to avoid further scrutiny. This should apply nationwide, but particulary in Florida.