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State Puts Insurance Company Cancellations On Hold

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Feb 8, 2007 11:08 am US/Eastern

State Puts Insurance Company Cancellations On Hold

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MIAMI (CBS4) ― If your insurance company recently wrote that your homeowners policy was not being renewed, you may have a little breathing space.

Gov. Crist and his cabinet issued an emergency order last week which is retroactive, thereby freezing rates and preventing policy cancellations and non-renewals.

The state's office of insurance regulation says all this takes effect during a 90-day period ending May 1st.

Allstate Floridian's announcement not renewing 106,000 policies immediately would be effected by this ruling, as well as other insurers.

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