Filing Number: 788858
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| Filing Accepted: 10/25/2024 |
| Last/Business Name
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CASSELLS
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First Name |
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WESLEY AND BEVERLY |
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| Street Address
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6743 MERITMOOR CIRCLE |
| City, State Zip
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ORLANDO,
FL
32818
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| Email Address
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INTAKE2@THEKRFIRM.COM |
| Complainant Type:
*
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Insured |
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| Last/Business Name* |
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CASSELLS |
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First Name |
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WESLEY AND BEVERLY |
| Policy # * |
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P000313633 |
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Claim #* |
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255149 |
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Attorney is Applicable
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| Last Name* |
KADIR
First Name *
ALI
Initial
A.
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| Street Address* |
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986 DOUGLAS AVE, STE. 102 |
| City, State Zip* |
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ALTAMONTE SPRINGS
,
FL
32714
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| Email Address * |
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INTAKE2@THEKRFIRM.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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SECURITY FIRST 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 10117 |
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| Name of individual responsible for violation (if any):*
MELINDA GUDMUNDSSON IICRC WRT, THOMAS JOHNSON, DALE W. MCMINDES, MCMINDES INSURANCE GROUP OF ORLANDO LLC, AND ALL SECURITY FIRST CLAIMS ADJUSTERS, EMPLOYEES, REPRESENTATIVES, AGENTS, VENDORS, AND/OR ENGINEERS WHO HANDLED THE CLAIM.
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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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Claim Denial
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Unsatisfactory Settlement Offer
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Unfair Trade Practice
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Other
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Misrepresentation
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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)(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)(d) |
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Denying claims without conducting reasonable investigations based upon available information.
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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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| 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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| 626.9541(1)(i)(3)(h) |
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Failing to clearly explain the nature of the requested information and the reasons why such information is necessary.
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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.
Security First possesses a complete copy of the subject insurance policy. The Cassells are not in possession of a complete copy of the subject policy and is requesting a copy from Security First. Thus, this CRN cannot cite subject policy language verbatim due to such.
Notwithstanding, the subject policy is an all-risks insurance policy and the applicable policy language is the provision regarding coverage of all risks for the dwelling (Language such as “We insure against direct physical loss to property…”, “We insure against risk of direct loss to property…”, among other similar policy language etc. is typically used.) and provisions regarding exclusions or limitations to this all-risks 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.
Wesley and Beverly Cassells (“the Cassells”) are homeowner insureds with an all-risks policy issued by Security First Insurance Company dba Security First Florida (“Security First”). The insured property or home is located at 6743 Meritmoor Circle, Orlando, Florida 32818.
In September of 2022, Hurricane Ian caused extensive damage to the Cassells’ home. The Cassells timely reported an insurance claim for this damage to Security First and fully cooperated with all requests for inspections. They provided all requested documentation, if any, and complied with all post loss policy conditions. An estimate for repair of all damages with respect to the Cassells’ claim was prepared on their behalf for $94,241.00 and was submitted to Security First.
After reporting the claim, Security First retained an unqualified and biased field adjuster who has a financial relationship with Security First. This field adjuster inspected the Cassells’ home in an apparent effort to minimize Security First’s losses instead of adjusting the claim in good faith in due regard for the Cassells’ interests.
Based on these findings, Security First completely denied coverage for the Cassells’ claim. Due to such bad faith claim handling, the Cassells have been unable to permanently repair their home.
Based on these facts, it is clear Security First unreasonably denied coverage for the Cassells’ claim in bad faith. It denied coverage for the claim without conducting a reasonable investigation based upon the available information. It misrepresented pertinent policy provisions and facts and did not act fairly and honestly with the Cassells in due regard for their interests. Security First also delayed the claim and failed to timely respond to communications. It further failed to adopt and implement standards for the proper investigation of this claim. This has become a common business practice of Security First.
Florida Statute § 624.02 defines insurance as a contract whereby one undertakes to indemnify another or pay or allow a specified amount or a determinable benefit based on determinable contingencies. Inherent is the fact that payment must be made timely and promptly so that insureds may mitigate their damages and be put back into the position they were in prior to the loss as quickly as possible. Security First has breached this duty by refusing to properly and timely adjust the loss.
As a result, the Cassells will have no choice but to retain the undersigned counsel to file a lawsuit against Security First.
Security First has more than enough information and is still refusing to accept coverage for this claim. This continued and repeated reckless claim delay and denial of coverage will result in a significant punitive damage award if a bad faith lawsuit is filed.
Security First can avoid a lawsuit for bad faith by immediately accepting full coverage under the subject insurance policy for this claim and by paying the Cassells based on their $94,241.00 estimate.
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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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