Late notice = No claim
Citizens Property Insurance gets a meaningful win against a late hurricane claim, and Frontline Insurance finds a similar success against a late windstorm damage claim involving an Assignment of Benefits agreement. It’s all in this …
Plus, jury discretion and the no-estimate AOB
A plaintiff law firm is ordered to pay-up for its misconduct and bad faith litigation tactics, a federal appeals court affirms juries have latitude on damage awards, and the case of one Assignment …
Cat Fund announces claims capacity
Those property insurance companies that haven’t purchased reinsurance for the upcoming hurricane season have just nine days left in a market that is still described as hard, with some companies struggling to find available, affordable …
Plus, an AOB claim ruling
The co-owners of a Ft. Myers roofing company have pled guilty to a $1.4 million tax evasion, DFS announces five arrests in a $1.3 million insurance fraud scheme, plus the latest legal ruling on Assignment …
Whenever large hurricanes strike Florida there is always renewed talk in the recovery process afterward about whether we really should be building (and rebuilding) in coastal and other low-lying areas that are vulnerable to destructive winds, flooding, and erosion. We …
Court agrees with insurance company
A Florida appeals court has once again upheld the right of a property insurance company to use its own repair contractor instead of making a loss payment to settle claim damages. The most recent case …
Money awarded for community resilience, too
With 95% of Hurricane Michael insurance claims now closed, the state of Florida has opened a fund to help Panhandle residents impacted by the October 2018 Category 5 hurricane repair, rebuild, or replace their …
This past Thursday was the third anniversary of Hurricane Irma’s landfall in Florida. The Cat 4 storm marked the return of major hurricanes to Florida after more than a decade of quiet. We received this email from our tireless Insurance …
Over the past week there have been headlines in the insurance trade press where one company had to increase their Hurricane Irma reserves by $200 million, and a leading reinsurer expressing frustration that the dreaded Hurricane Irma “loss creep” (a …