Filing Number: 788266
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| Filing Accepted: 10/23/2024 |
| Last/Business Name
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| Street Address
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3100 BROWARD AVE |
| City, State Zip
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GREENACRES,
FL
33463
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| Email Address
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WITHHELD |
| Complainant Type:
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Insured |
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| Last/Business Name* |
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AGUSTIN |
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First Name |
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JORGE |
| Policy # * |
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2MR154069000 |
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Claim #* |
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00201794831 |
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Attorney is Applicable
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| Last Name* |
PARDO
First Name *
ERIKA
Initial
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| Street Address* |
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618 E SOUTH STREET, SUITE 500 |
| City, State Zip* |
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ORLANDO
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FL
32801
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| Email Address * |
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ERIKA@THEPARDOLAWFIRM.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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AMERICAN SECURITY 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 42978 |
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| Name of individual responsible for violation (if any):*
MELAKU ABEBE
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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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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)(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)(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.
Governed by the cited authorities, the subject policy provides coverage for sudden and accidental losses and damages arising from a sudden and accidental plumbing system failure. The loss payment provision and governing law provides that the insurer has a fiduciary duty to in good faith to promptly investigate, adjust, and issue payment of the undisputed amount of the loss and damages. Furthermore, the policy provides coverage for, inter alia, assessments in relation to remediation, as well as
the amount necessary to perform remediation. The operative relevant Policy of Insurance at issue is an “all risk” Policy which provides as follows:
SECTION I-PERILS INSURED AGAINST
A. Coverage A-Dwelling and Coverage B- Other Structures
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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.
American Security Insurance Company ("ASIC") issued a policy of insurance (“Policy”) insuring the Complainant, Jorge Agustin's real property and which provides coverage for sudden and accidental damages and losses arising from Hurricane Ian (“Loss”). The Loss caused substantial, direct and consequential damages, and ASIC's general business practice of willful, wanton, immoral, deceptive and bad faith claim handling policies, procedures, guidelines, protocol, adjusting, investigating, drawing valuations and issuing payment for the claims, has caused the Complainant to suffer further harm and extra-contractual damages which have accrued, and will continue to accrue. The stated misconduct outlined below is collectively referred to as “Bad Faith,” and the specific, straightforward factual and/or legal considerations in relation thereto are further outlined below for its consideration in accordance with Fla. Stat. Sec. 624.155 and the cited legal authorities associated therewith.
On or about September 28, 2022, Hurricane Ian struck the property. Damages manifested later in time and the Complainant suffered direct physical loss to the subject property due to Hurricane Ian. The Complainant hired Full Pro Restoration Inc. to perform the necessary, industry wide practice of performing moisture meter assessments coupled with the corresponding thermal imaging, to detect latent conditions, which, if undetected, will serve to create toxic conditions at the subject property. During the adjustment of the claim, all relevant documents from Full Pro. Restoration Inc., were dutifully provided. To date, no adjuster and/or qualified expert has been retained by ASIC to dispute findings of elevated latent levels of water moisture at
the subject property via the moisture meter assessments coupled with the corresponding thermal imaging. To date, no adjuster and/or qualified expert has been retained by ASIC to dispute the necessity and/or reasonable course of repairs by way of the remediation services provided.
ASIC inspected the subject property by way of a field adjuster by the name of Reynaldo Munoz (hereinafter referred to as “Mr. Munoz”). It is believed that Mr. Munoz is not and has not been disclosed as a qualified expert to attest as to the cause and/or full extent of the damages at the subject property. In addition, as of the date of this filing, Mr. Munoz has failed to dispute the latent water damages that were detected via the moisture meter assessments and/or corresponding thermal imaging, as well as the necessary water remediation services provided, coupled with the mold testing if any, and any corresponding mold remediation to protect the inhabitants of the subject property from toxic conditions. Based on the insufficient adjustment of the claim as outlined herein, ASIC on or about July 10, 2024, issued a wholly unsatisfactory valuations of $7,069.58 (replacement cost value) and $5,675.96 (actual cash value). In opposition to same, the Complainant (through his retained counsel) has obtained a repair or damage estimate with a valuation of $83,994.49 (replacement cost value and $81,118.88 (actual cash value, that duly takes into consideration the full extent of the latent conditions, that serve to create a plethora of extra contractual damages that continue to accrue, given ASIC’s general business practice of failing to adjust the full extent of the damages as outlined herein. In other words, the Complainant hereby notifies ASIC of its unsatisfactory, lowball valuation of the underlying claim.
To cure the above stated immoral, deceptive, unlawful and collectively defined general business practice of bad faith claims handling practices that are knowingly, willfully, wantonly and/or with a reckless disregard for the insured’s interests being implemented, ASI must perform as follows within 60 days of receiving this CRN:
I. Take corrective action in association with the Bad Faith claims handling practices by way of rectifying same, and thereafter duly adjusting, investigating and issuing payment for all benefits owed to the Complainant as per the industry wide accepted standards outlined herein;
II. Take corrective action and draw a swift resolution as to the disputed amount of the loss to resolve this claim.
To hold otherwise, would allow ASIC’s bad faith claims handling described above to leave the insureds, the insured’s counsel, the insurer’s counsel, and even the judiciary guessing as to when and how ASIC will duly perform. These continuously vacillating positions and cherry-picking of the described bad faith conduct outlined herein, not only serves to maximize ASIC’s prospective financial gains by being able to avoid paying benefits, it also serves to minimize ASIC’s loss adjusting expenses as it sees fir to the invariable detriment of the insureds, the Complainant, and ultimately the tax paying citizens of this State
that bear the expense of the judicial system, which needs to be unraveled due to the tangled web created by ASIC.
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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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