Filing Number: 786078
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| Filing Accepted: 10/7/2024 |
| Last/Business Name
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| Street Address
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1420 SWINTON AVENUE |
| City, State Zip
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DELRAY BEACH,
FL
33444
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| Email Address
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AHANDFINGER@PECKLAW.COM |
| Complainant Type:
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Other |
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| Last/Business Name* |
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BOCA DEVELOPMENT & CONSTRUCTION CORPORATION |
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First Name |
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| Policy # * |
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112382-72036085-20 |
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Claim #* |
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N/A |
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Attorney is Applicable
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| Last Name* |
HANDFINGER
First Name *
ADAM
Initial
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| Street Address* |
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ONE SE THIRD AVENUE, SUITE 2000 |
| City, State Zip* |
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MIAMI
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FLORIDA
33131
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| Email Address * |
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AHANDFINGER@PECKLAW.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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SOUTHERN-OWNERS INSURANCE 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 10190 |
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| Name of individual responsible for violation (if any):*
N/A
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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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Other
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Failure to settle on behalf of insured
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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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Specific policy language that is relevant to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
Section I(1)(a) of the policy provides for carriers obligations to insured:
"We will pay those sums that the insured becomes legally obligated to pay as damages because of 'bodily injury' or 'property damage' to which this insurance applies. We will have the right and duty to defend the insured against any 'suit' seeking those damages. However, we will have no duty to defend the insured against any suit seeking damages for 'bodily injury' or 'property damage' to which this insurance does not apply. We may, at our discretion, investigate any 'occurrence' and settle any claim or suit that may result."
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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.
Blaine Minton submits this Notice of Civil Remedy in the interest of Boca Development because Boca Development's insurance carrier has unreasonably refused to honor the terms of its Policy before and during the course of the lawsuit between Mr. Minton as the Plaintiff and Boca Development as Defendant. Specifically, Southern-Owners Insurance Company (the “Carrier”) is in violation of Section I(1)(a) of policy #72036085 for not attempting to settle claims when, under all circumstances, it could and should have done so, had it acted with due regard for Boca Development's interests.
By way of brief factual background, Mr. Minton and Boca Development entered into three separate contracts for the construction and renovation at Mr. Minton's residence as well as a fourth contract for construction management services. Boca Development was the Contractor of Record and pulled three Master Building Permits – one for each building, as well as various other trader permits. All of the permits were pulled under one of its three Master Permits. Boca Development self-performed over $760K in construction work and supervised, guaranteed, and warranted all of the other work performed at the Project. As a result of Boca Development's improper and defective work, Mr. Minton suffered $3,215,233.64 in damages, including a significant amount of resulting property damage. The existence of the defects and high cost of repair are, in very large part, undisputed.
Mr. Minton filed his claim against Boca Development. Over the past three years, both parties have spent a great deal of money, time, and effort to find a just resolution of this case. The parties have participated in discovery, depositions, and countless motions in preparation for trial. After significant information had been made available to the parties, Mr. Minton has made multiple attempts to communicate productively to resolve this matter. Unfortunately, Boca Development's carrier has not properly adjusted and resolved this claim.
Boca Development's carrier has not attempted to settle claims when it could and should have done so. Pursuant to Section I(1)(a) of the Policy, Boca Development's carrier is liable to "pay those sums that the insured becomes legally obligated to pay . . . " and has the "right and duty to defend the insured against any 'suit' seeking [property damage to which this insurance applies]." Moreover, the carrier "may, at [its] discretion, investigate any 'occurrence' and settle any claim or 'suit' that may result." As such, Carrier has the right and duty to defend Boca Development. As a result of Carrier's refusal to honor the terms of the policy, Mr. Minton and Boca Development have suffered significant damages (and Boca Development has significant exposure beyond the covered damages). Mr. Minton has been forced to incur significant expenses as a result of Boca Development’s insurance carrier’s refusal to honor the terms of the policy issued to Boca Development.
The cost in damages resulting from the conduct of Boca Development likely exceeds the policy limits, however, since the outset of this dispute there has been multiple opportunities for Carrier to step in and settle within the policy limits but Carrier has refused to do so. As a result of Carrier's inaction, Boca Development suffers the risk that the judgment is higher than the policy limit. In addition to the harm to Boca Development, Minton has also been harmed by Carriers conduct.
In order to cure the damage, Carrier should resolve the case to the benefit of Boca Development for the amount identified in the offer of judgment served but not filed on August 19, 2024.
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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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