Filing Number: 784815
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| Filing Accepted: 9/28/2024 |
| Last/Business Name
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FORTY-ONE HOSPITALITY, LLC DBA HOWARD JOHNSON INN
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First Name |
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| Street Address
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4811 S CLEVELAND AVE |
| City, State Zip
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FORT MYERS,,
FL
33907
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| Email Address
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YIA24@YOURINSURANCEATTORNEY.COM |
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Insured |
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| Last/Business Name* |
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FORTY-ONE HOSPITALITY, LLC DBA HOWARD JOHNSON INN |
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First Name |
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PETER |
| Policy # * |
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1766181030 |
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Claim #* |
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05000001561 |
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Attorney is Applicable
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| Last Name* |
DIAMOND
First Name *
PETER
Initial
A
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| Street Address* |
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2601 S. BAYSHORE DR, 5TH FL |
| City, State Zip* |
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MIAMI
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FL
33140
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| Email Address * |
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PD@YOURINSURANCEATTORNEY.COM |
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| Insurer Type
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Authorized Insurer
Unauthorized Insurer
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| Insurer Name |
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| Insurer Name* |
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FRONTLINE INSURANCE UNLIMITED COMPANY
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| Insurer Name* |
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| Street Address* |
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| City, State Zip* |
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,
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NAIC Company Code 10074 |
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| Name of individual responsible for violation (if any):*
LORI MILAND
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| Type of Insurance
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Commercial Property & Casualty
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| Reason for Notice
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Claim Delay
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Unsatisfactory Settlement Offer
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Unfair Trade Practice
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Statutory provision(s) which the insurer allegedly violated.
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| 624.155(1)(b)(1) |
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Not attempting in good faith to settle claims when, under all the circumstances, it could and should have done so, had it acted fairly and honestly toward its insured and with due regard for her or his interests.
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| 624.155(1)(b)(3) |
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Except as to liability coverages, failing to promptly settle claims, when the obligation to settle a claim has become reasonably clear, under one portion of the insurance policy coverage in order to influence settlements under other portions of the insurance policy coverage.
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| 626.9541(1)(i)(3)(c) |
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Failing to acknowledge and act promptly upon communications with respect to claims.
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| 626.9541(1)(i)(3)(e) |
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Failing to affirm or deny full or partial coverage of claims, and, as to partial coverage, the dollar amount or extent of coverage, or failing to provide a written statement that the claim is being investigated, upon the written request of the insured within 30 days after proof-of-loss statements have been completed.
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| 626.9541(1)(i)(3)(f) |
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Failing to promptly provide a reasonable explanation in writing to the insured of the basis in the insurance policy, in relation to the facts or applicable law, for denial of a claim or for the offer of a compromise settlement.
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Specific policy language that is relevant to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
The entire policy is incorporated herein as a basis for the specific policy language for which is relevant to the violation.
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Facts and circumstances giving rise to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
Shortly after Hurricane Ian, the Insured filed an insurance claim against the insurer for various damages. The carrier acknowledged the claim and commenced claim investigation and adjustment. The insurer failed to make a claims determination within the prescribed statutory deadline and when the carrier did make payment, the claim payment was woefully deficient.
In fact, the damages evaluated by the carrier are insultingly low. With regard to the damage to the insured property, the carrier turned a blind eye to reality and instead claimed to see/find $123,861.45 plus. Please note that the insured timely submitted a sworn statement in proof of loss totaling $3,863,299.93 in building damages.
Moreover, the carrier did not issue any payment for the Building Property Damages or Business Interruption, despite the insured proving a sworn statement in proof of loss totaling $3,863,299.93.
At all times material hereto, the insured complied with all insurer investigation requests including but not limited to submitting a Sworn Statement in of Loss Proof (SSPOL) along with all supporting documentation for the damages claimed in the SSPOL. Further and most recently, the insured, via its corporate representative, testified in an Examination Under Oath and explained every single issue raised herein, including all of the carrier’s failure to act in good faith toward the insured. Unfortunately, the carrier, refused and continues to refuse to fully indemnify the insured under the policy and that has created a financial hardship that could have otherwise been avoided by the carrier, had the carrier simply agreed to indemnify the insured for the full value of the loss.
The carrier is not attempting and has not attempted, in good faith, to settle claims when, under all the circumstances, it could and should have done so, had it acted fairly and honestly toward its insured and with due regard for the insured’s interests. As stated above, the carrier received the insured’s SSPOL as well as has the benefit of the Insured’s testimony (EUO). Since that time, the carrier has not issued full payment and instead has dragged its feet in adjusting the claim and more importantly resolving the claim.
Simply put, the insured provided a SSPOL, along with all support, which clearly and unequivocally detailed all claimed damages to the carrier following the catastrophic damages caused by Hurricane Ian. Further the insured testified in an examination under oath and explained all of the financial hardships that the insured has suffered as a direct result of the carrier’s bad faith claims evaluation and handling. The carrier chose to lowball the insured and ignore the damages and support presented by the insured. Unfortunately, the carrier’s bad acts led to the carrier paying a lowball, fraction of the damages owed. This forced the insured to have to engage in the expense and time-consuming process of claim prosecution and this has been going on for over two years, with no end in sight and the carrier continues to delay claim adjustment in a designed effort to harm its own insured. The insured has suffered tremendously from the damage caused by Hurricane Ian and the carrier’s bad faith acts are further harming the insured.
The carrier has completely failed to promptly settle the insured’s claim, despite a clear obligation to settle a claim should have become reasonably clear, under one portion of the insurance policy coverage in order to influence settlements under other portions of the insurance policy coverage.
The Carrier failed to acknowledge and act promptly upon communications with respect to claims. The insured has been left in the dark regarding the end date for claim resolution and all along the carrier has not fully indemnified the insured who has suffered tremendous losses. The insurer should have recognized immediately that the insurer low balled the insured on claim value and should immediately tender payment for the full value of the claim.
To cure this blatant bad faith claim handling, the insurer can immediately tender the following amount $3,739,438.48 for indemnity. Additionally, the insured seeks compensation for attorney's fees and costs of $380,000.00 as well as $100,000 for the bad faith delay and claims handling failures.
Total Damages to resolve this entire CRN, conditioned on a release, is $4,219,438.48.
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The submitter hereby states that this notice is given in order to perfect the rights of the
person(s) damaged to pursue civil remedies authorized by Section 624.155, Florida Statutes.
Before submitting a Notice using this system, please verify that all text has been entered
correctly and completely. Once the Notice has been submitted, the text cannot be changed
or deleted.
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DFS-10-363
Rev. 10/14/2008
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