Filing Number: 786691
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| Filing Accepted: 10/14/2024 |
| Last/Business Name
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GUNDERSEN
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First Name |
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ERIC |
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| Street Address
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927 NE 17 TERRACE |
| City, State Zip
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CAPE CORAL,
FL
33909
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| Email Address
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N/A |
| Complainant Type:
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Insured |
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| Last/Business Name* |
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GUNDERSEN |
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First Name |
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ERIC |
| Policy # * |
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PFL380850-03 |
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Claim #* |
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CFL22584529 |
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Attorney is Applicable
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| Last Name* |
FRASER
First Name *
WARREN
Initial
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| Street Address* |
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16375 NE 18TH AVE |
| City, State Zip* |
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MIAMI
,
FL
33162
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| Email Address * |
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ZWMFRASER@LRLC.LEGAL |
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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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PEOPLE'S TRUST 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 13125 |
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| Name of individual responsible for violation (if any):*
ALAYSIA FISHER
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| Type of Insurance
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Residential Property & Casualty
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| Reason for Notice
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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)(2) |
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Making claims payments to insureds or beneficiaries not accompanied by a statement setting forth the coverage under which payments are being made.
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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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| 624.401(1) |
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No person shall act as an insurer, and no insurer or its agents, attorneys, subscribers, or representatives shall directly or indirectly transact insurance, in this state except as authorized by a subsisting certificate of authority issued to the insurer by the office, except as to such transactions as are expressly otherwise provided for in this code.
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| 626.9541(1)(i)(2) |
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A material misrepresentation made to an insured or any other person having an interest in the proceeds payable under such contract or policy, for the purpose and with the intent of effecting settlement of such claims, loss, or damage under such contract or policy on less favorable terms than those provided in, and contemplated by, such contract or policy.
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| 626.9541(1)(i)(3)(a) |
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Failing to adopt and implement standards for the proper investigation of claims.
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| 626.9541(1)(i)(3)(b) |
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Misrepresenting pertinent facts or insurance policy provisions relating to coverages at issue.
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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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Specific policy language that is relevant to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
D. Loss Settlement; the entire provision including but not limited to; "Covered losses will be settled as follows" 1.-2.
J. "Our option" the entire provision including but not limited to; provisions 1 through 9
K. "Loss payment", the entire provision
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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.
Dear Florida Department of Financial Services,
Pursuant to Florida Statutes §624.155, this Civil Remedy Notice (CRN) is being submitted by the Litigation and Recovery Law Center, as legal representatives for and on behalf of our client, Eric Gunderson, regarding the improper handling of his claim under his policy with Peoples Trust Insurance Company.
This notice is addressed to the Florida Department of Financial Services as the receiver for Peoples Trust Insurance Company.
Description of the Facts:
1. **Claim Overview:** Following Hurricane Ian, Mr. Gunderson submitted a claim under his insurance policy for damages sustained to his property. Peoples Trust Insurance Company acknowledged coverage and committed to making necessary repairs through a managed repair program.
2. **Communication of Coverage:** Shortly after the hurricane, the company sent a letter admitting coverage and indicating an intention to proceed with repairs, per the MRP policy program rather than issuing an indemnity payment.
3. **Violation of policy commitment** Instead of fulfilling its obligations, Peoples Trust Insurance Company sent two small checks accompanied by a cover letter stating that cashing these checks would constitute full and final payment for the claim. This action was misleading and failed to facilitate the proper indemnity process.
4. **Concealment of Rights:** The letter included language that would have denied Mr. Gunderson the right to negotiate, supplement, or dispute the payment if he were to cash the checks. This practice is deceptive and violates the provisions of the policy and the ethical responsibilities of insurance carriers.
**Violations:** The actions of Peoples Trust Insurance Company constitute bad faith practices and a failure to comply with the policy provisions. Specifically: - Failure to indemnify the insured as stipulated in the insurance policy or to promptly perform the MRP as the carrier originally committed to doing. Simply put, the insured was placed, by the actions of his carrier , in a deceived and damaged state with no ability to fully recover.
The carrier, by plotting to deceive the insured into "cashing" his undisputed checks, (checks he was clearly already due and owed under the subject policy, and in fact, significantly under valued his loss) would have led him to possibly waive any further policy rights.
By doing so, the carrier improperly attempting to force "settle" the claim through the issuance of the undisputed checks without proper consideration or negotiation, engaged in deceptive practices that would have led the insured into waiving his rights unintentionally by simply assuming the checks were part of the undisputed payments considering the carrier was already violating the previous commitment to officiate the repairs (the carrier committed to officiating repairs on or about November 29, 2022 and failed to do so for four months on or about February 2, 2023 and six month before finally issuing the undisputed.
In addition, there are multiple ongoing volitions of civil procedures and/or ethical requirements and/or improperly attempting to contact the insured or provide him with adjusting advise by an unlicensed adjuster (the project manager for RRT the carriers assigned contractor )
The excepted resolution is for the carrier to fully comply with all policy and statutory provisions and to pay any/and all payments due and owed under the above.
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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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