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ALLSTATE INS. CO. v. FOSTER

146 Pa.Commw. 360 (1992)

605 A.2d 1294

ALLSTATE INSURANCE COMPANY and Allstate Indemnity Company, Petitioners, v. Constance B. FOSTER, Insurance Commissioner of the Commonwealth of Pennsylvania and Insurance Department, Respondent.

Commonwealth Court of Pennsylvania.

Decided March 13, 1992.

Attorney(s) appearing for the Case

S. Walter Foulkrod, III, for petitioners.

Zella M. Smith, Dept. Counsel, for respondent.

Before CRAIG, President Judge, and DOYLE, COLINS, PALLADINO, McGINLEY, SMITH and PELLEGRINI, JJ.

DOYLE, Judge.

This is an appeal by Allstate Insurance Company and Allstate Indemnity (collectively Allstate) from an order of the Insurance Commissioner (Commissioner) which declared that the Insurance Department's (Department) 10.4% rate of return on Generally Accepted Accounting Principles (GAAP) equity was approved as the appropriate rate of return to be used in evaluating Allstate's request for extraordinary circumstances relief.

While the Commissioner...

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