Filing Number: 788365
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| Filing Accepted: 10/23/2024 |
| Last/Business Name
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| Street Address
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428 DEL PRADO BLVD N |
| City, State Zip
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CAPE CORAL,
FL
33909
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| Email Address
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YIA24@YOURINSURANCEATTORNEY.COM |
| Complainant Type:
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Insured |
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| Last/Business Name* |
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JLRM, LLC |
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First Name |
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| Policy # * |
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SPPK0002256-03 |
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Claim #* |
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10002318 |
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Attorney is Applicable
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| Last Name* |
DIAMOND
First Name *
PETER
Initial
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| Street Address* |
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2601 S BAYSHORE DRIVE 5TH FLOOR |
| City, State Zip* |
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COCONUT GROVE
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FLORIDA
33133
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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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SAFEPOINT 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 15341 |
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| Name of individual responsible for violation (if any):*
SUSAN CAMPBELL
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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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Other
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Failure to timely adjust the claim and pay the claim within the prescribed statutory claim period
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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)(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)(g) |
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Failing to promptly notify the insured of any additional information necessary for the processing of a claim.
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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 carrier made an Actual Cash value (ACV) payment of $941,431.07. The insured completed the necessary repairs and demanded the carrier to pay the withheld depreciation of $47,796.67. The insured provided a proof of those repairs. The carrier is wrongfully withholding depreciation totaling $47,796.67.
Further, the insured provided a claim for Business Interruptions. The insured provided support for this interruption of damage. Simply put, the insured has lost rent of over $5,000.00 per month since the date of loss, which far exceeds the value limits for Business Interruption. Demand is made for $203,556.34.
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 $941,431.07 in total damages to the property. Please note that the insured timely submitted a sworn statement in proof of loss totaling $2,209,750.00 in building damages. Moreover, the carrier did not issue any payment for the Loss of Business Income, despite the insured proving a loss of business income in the amount of $91,800.00.
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. 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.
The insured has attempted in good faith to resolve this matter, but the carrier refuses to respond. In fact, the insured sent its most recent demand to the carrier on August 8, 2024, via email. The insured has followed up multiple times, and the carrier refuses to respond. The carrier has also withheld depreciation in the amount of $47,796.67.
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 $139,596.67 for indemnity. Additionally, the insured seeks compensation for attorney's fees and costs of $13,959.67 plus interest, as well as $50,000.00 for the bad faith delay and claims handling failures.
Total Damages to resolve this entire CRN, conditioned on a release, is $203,556.34.
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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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