Filing Number: 795540
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| Filing Accepted: 12/5/2024 |
| Last/Business Name
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| Street Address
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461 BAYSHORE DR. |
| City, State Zip
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CAPE CORAL,
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33904
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| Email Address
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SUE.SCHULTE@YAHOO.COM |
| Complainant Type:
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Insured |
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| Last/Business Name* |
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MORGAN |
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First Name |
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SUSAN |
| Policy # * |
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OIC30108288-00 |
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Claim #* |
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22FLHOV0006512 |
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Attorney is Applicable
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| Last Name* |
KRAPF
First Name *
GRANT
Initial
W
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| Street Address* |
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2790 SUNSET POINT RD |
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CLEARWATER
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FL
33759
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| Email Address * |
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GRANT@KRAPFLEGAL.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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OLYMPUS INSURANCE COMPANY
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| Insurer Name* |
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| Street Address* |
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NAIC Company Code 12954 |
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| Name of individual responsible for violation (if any):*
DAVID HENDERSHOTT, THOMAS ROBINSON, AND ANY OTHER INDIVIDUAL FROM, OR AGENT OF, OLYMPUS INSURANCE COMPANY, WHO WAS INVOLVED IN 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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Unfair Trade Practice
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Other
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Not treating the Insured with good faith claims conduct
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Other
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Looking for ways to deny full recovery to the Insured
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Other
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Failing to provide the Insured with the full benefits awarded under the contract of insurance in a t
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Other
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Not training, supervising, or managing adjusters properly so that prompt and full payments are made,
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Other
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Not adjusting claims and evaluating loss properly
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Other
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Shifting the burden of insuring the loss to the Insured
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Other
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Failing to implement proper standards for the adjustment and investigation of claims
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Other
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Making material misrepresentations
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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)(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)(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)(i) |
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Failing to pay personal injury protection insurance claims within the time periods required by s. 627.736(4)(b).
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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.
627.444(2)(a) Notwithstanding any other law, an insurer shall provide to an insured within 15 calendar days after an individual or entity designated by the insurer receives the insured's written request, either: A loss run statement.
627.70131 (d) Within 7 days after the insurer's assignment of an adjuster to the claim, the insurer must notify the policyholder that he or she may request a copy of any detailed estimate of the amount of the loss generated by an insurer's adjuster. After receiving such a request from the policyholder, the insurer must send any such detailed estimate to the policyholder within the later of 7 days after the insurer received the request or 7 days after the detailed estimate of the amount of the loss is completed. This paragraph does not require that an insurer create a detailed estimate of the amount of the loss if such estimate is not reasonably necessary as part of the claim investigation.
627.4137(1)(e) - Each insurer which does or may provide liability insurance coverage to pay all or a portion of any claim which might be made shall provide, within 30 days of the written request of the Insured, a statement, under oath, of a corporate officer or the insurer's claims manager or superintendent setting forth the following information with regard to each known policy of insurance, including excess or umbrella insurance: a copy of the policy.
627.70131 (1)(a) - upon the Insurer receiving a communication with respect to a claim, the insurer shall, within 7 calendar days, review and acknowledge receipt of such communication unless payment is made within that period of time or unless the failure to acknowledge is caused by factors beyond the control of the insurer which reasonably prevent such acknowledgement. If the acknowledgement is not in writing, a notification indicating acknowledgement shall be made in the insurer's claim file and dated. A communication made to or by an agent of an insurer with respect to a claim shall constitute communication to or by the insurer. As used in this subsection, "agent" means any person to whom an insurer has granted authority or responsibility to receive or make such communications with respect to claims on behalf of the insurer. This subsection shall not apply to Insureds represented by counsel beyond those communications necessary to provide forms and instructions.
Reference to specific policy language: The violations alleged are statutorily based and do not rely on any specific policy language.
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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.
Olympus Insurance Company (the "Insurer") has committed the following in handling the Insured's claim: 1) failing to act in due diligence and good faith to resolve claims; 2) placing the financial interest of Insurer before that of the Insured; 3) looking for ways to deny benefit payments and otherwise "low ball" or "stone wall" claims; 4) not adjusting the claims promptly and fairly; 5) not attempting in good faith to settle claims; 6) conducting inadequate investigations; 7) failing to employ policies and procedures to conduct adequate investigations; 8) shifting the burden of investigating the loss onto the Insureds; 9) requesting a re-inspection despite no changes to the above-referenced insured property; 10) failing to acknowledge and act promptly upon communications with respect to claims; 11) failing to respond to or acknowledge correspondence within statutory time; 12) failing to provide a loss run statement; and 13) making material misrepresentations.
On or about September 28, 2022, while the subject policy was in full force and effect, the insured property suffered a loss caused by Hurricane Ian. The areas impacted include but are not limited to the roofing system, exterior surfaces, overhead garage door, pool, dock, privacy fence, back patio ceiling, great room, foyer, dining room, kitchen, master suite, and master bathroom. The Insured timely submitted a claim to the Insurer for damages caused by Hurricane Ian and the ensuing damage therefrom. Thereafter, the Insurer assigned claim number 22FLHOV0006512 to the loss and issued a letter dated October 29, 2022, in which it notified the Insured that it was electing to repair the subject property roof per the policy's "Elite Repair Program."
Given the scope and nature of the damage, the Insured retained a public adjuster. After assessing the damage and the true scope of repairs, the public adjuster prepared an estimate identifying $200,009.32 in covered damage to the dwelling and $6,834.30 in damage to other structures. The foregoing estimate, photographs, and a letter of representation from the public adjuster were sent to the Insurer who subsequently issued a coverage determination letter, dated May 17, 2023, in which it notified the Insured that it was electing to invoke its option to repair the Insured's roof. The letter additionally detailed the Insurer's decision to deny coverage for damage sustained to the interior dwelling. The Insurer misrepresented the loss and issued a wrongful partial denial. The Insurer denied coverage for interior damage based on the rationale that " photos from inspection show no damage." Although the Insurer and Insured are in dispute about the interior damage, the Insurer knows or should know that when independent perils converge and no single cause can be considered the sole or proximate cause, it is appropriate to apply the concurring cause doctrine. Sebo v. Am. Home Assurance Co., 208 So. 3d 694, 697 (Fla. 2016). The concurring cause doctrine states that coverage may exist where an insured risk constitutes a concurrent cause of the loss even when it is not the prime or efficient cause. Id. at 698. A covered peril that meets with an uncovered peril may still provide for coverage under a policy when the covered peril triggered the events that eventually led to the loss. Id. at 697.
Given the nearly $20,000.00 in out-of-pocket expenses paid by the Insured to repair their property without indemnification from the Insurer, the Insured retained legal counsel who provided the Insurer with a letter of representation, dated March 30, 2023. Within the letter, legal counsel requested a copy of a loss run statement, a certified copy of the subject policy, and documentation regarding the subject claim which the Insured is owed. The Insurer and its agents failed to comply with Fla. Stat. 627.444 by not providing the Insured and the Insured's representatives with a loss run statement. The Insurer and its agents have not acknowledged the request for a loss run statement nor has a loss run statement been provided. Upon an Insurer receiving a written request for a loss run statement, the Insurer is required, within fifteen (15) calendar days, to provide either a loss run statement or information on how to obtain a loss run statement at no charge through a consumer reporting agency. There has been no response within fifteen (15) calendar days of the Insured's written request and the Insurer has not provided information on how to obtain a loss run statement at no charge through a consumer reporting agency. This Insurer has breached its duty to settle claims in good faith when, under all the circumstances, it could and should have done so. The Insurer and its agents have not acted fairly and honestly toward the Insured and the Insured's representative and have moreover failed or refused to promptly acknowledge the Insured's communications in an attempt to frustrate and delay the resolution of the Insured's claim.
The Insurer additionally failed to timely provide its estimate of damage sustained to the interior dwelling. The Insurer then requested information from its Insured in a letter dated April 6, 2023. The Insured complied, providing the requested documentation in a letter dated April 13, 2023. The Insured's representatives issued subsequent requests for a coverage determination and estimate on July 28, 2023, August 4, 2023, August 15, 2023, and August 22, 2023. It was not until September 1, 2023, forty-two (42) days after the Insurer completed its reinspection, that the Insurer provided the Insured with its estimate of damages. By waiting longer than seven days from the time the estimate was made to provide an estimate of the damage to the policy holder, the Insurer has gone against Florida Statute 627.70131(3)(e), which states "The insurer must send the policyholder a copy of any detailed estimate of the amount of the loss within 7 days after the estimate is generated by an insurer's adjuster. This paragraph does not require that an insurer create a detailed estimate of the amount of the loss if such estimate is not reasonably necessary as part of the claim investigation." By not providing an estimate to the policy holder within the seven days mentioned by the above statute, the Insurer has violated the statute and lengthened the claims process, therefore frustrating the efforts of the policy holder to repair their property.
Moreover, the Insured's multiple requests for a coverage determination and estimate were not responded to within seven (7) days. This shows that Insurer has failed to acknowledge the receipt of communications within seven (7) days in violation of Florida Statute 627.70131(1)(a). Upon an Insurer's receiving a communication with respect to a claim, the Insurer shall, within 7 calendar days, review and acknowledge receipt of such communication unless payment is made within that period of time or unless the failure to acknowledge is caused by factors beyond the control of the Insurer which reasonably prevents such acknowledgement. The Insurer finally issued a coverage determination letter to the Insured, dated September 1, 2023, in which it notified them that it was extending coverage for interior damage. However, the Insurer wrongfully determined that the amount of covered damage did not exceed the policy deductible, resulting in no payment being issued to the Insured. The Insurer's lowball estimate is that of a classic under scope and under value of the claim.
Upon receiving notice of the loss, the Insurer had the duty to provide the full benefits under the policy. This includes providing the Insured with a proper investigation and the funds necessary to return the home to its pre-loss condition. However, when the Insurer conducted its inspection of the insured property, the Insurer's adjuster failed to conduct a thorough and adequate investigation, or the adjuster intentionally ignored the damage observed and failed to make truthful and unbiased reports of the facts after investigating. As a result, the Insurer breached the policy by failing to fully indemnify the Insured for the covered loss.
The Insurer has presented the Insured with the declarations page for their renewal policy which reflects an inflated policy premium. The Insured's policy is set to be renewed on September 4, 2024. As outlined in the new declaration page, the Insurer has doubled the Insured's annual premium. The Insured did not request any changes to the subject policy that would account for the unreasonable inflation in the annual premium. Upon information and belief, the Insurer has employed this tactic to compensate for the monies it will likely be required to pay to the Insured after the course of the pending litigation. Inflating policy premiums and deductibles to offset and limit the amount of recovery the Insured is entitled to is a clear attempt by the Insurer to avoid its duty under the subject policy. Furthermore, the Insurer is more concerned with determining how it can offset the cost of claims and expenses incurred therefrom because maintaining a favorable ratio of claims/expenses relative to premiums earned/written means that the Insurer can make an underwriting profit. The Insurer is clearly placing its financial interests over those of the Insured and it is disregarding the difficult financial position it has forced upon the Insured. This is clearly a business tactic used by the Insurer commonly, which indicates the Insurer's bad faith conduct.
The Insurer, despite itself invoking its right to repair the property, has failed to fully indemnify the contractor that repaired the property. The Insurer retained services including but not limited to lighting specialists, which have sent all repair invoices to the Insurer who has, to date, failed to indemnify the contractors for the work done. The Insurer's chosen contractor, Lighting First, completed repairs to the property during the week of August 30, 2024. Lighting First contacted the Insurer multiple times, including but not limited to email correspondence on October 18, 2024, requesting payment that has, to date, remained without response by the Insurer. This shows that Insurer has failed yet again to acknowledge the receipt of communications within seven (7) days in violation of Florida Statute 627.70131(1)(a). Upon an Insurer's receiving a communication with respect to a claim, the Insurer shall, within 7 calendar days, review and acknowledge receipt of such communication unless payment is made within that period of time or unless the failure to acknowledge is caused by factors beyond the control of the Insurer which reasonably prevents such acknowledgement. Moreover, the Insurer has continually refused to indemnify the contractor for the work completed, neglecting its obligation to the Insured and failing to ensure the necessary work is done and paid for in a timely manner pursuant to the subject policy.
Additionally, Insurer shifted the burden and cost of investigating and insuring the loss onto the Insured. During their investigation, the insurer's adjuster did not use a moisture meter, despite the presence of interior water damage. A moisture meter can be purchased online from Amazon for around $40 before tax. The Insurer could purchase a moisture meter and assess thousands of properties with one meter. Instead, the Insurer would rather place its financial interests over those of the Insured by failing to provide the adjuster with the necessary tools to correctly inspect the loss. As a result of the inadequate investigation and surrounding circumstances it is apparent that the Insurer significantly underestimated the scope of the loss to the Insured's property. The Insurer and its adjuster have colluded to misrepresent the true scope of damages to the insured property and the true replacement costs of the damages.
The conduct outlined above is done within the Insurer's routine course of the business.
There may be further wrongful conduct which has not been made known to the Insured at this moment. Certain conduct or actions may be discovered throughout discovery or cannot be verified without a review of the Insurer's claim file and standards and procedures for the adjustment and investigation of claims.
In short, the Insurer is not acting with due regard for the Insured's interests or safety. In Florida the work of adjusting insurance claims engages the public trust. The Insurer has breached this trust and its duty to the Insured. The Insurer and its agents conducted cursory and inadequate investigations and wrongfully continues to delay resolution of the subject claim by undervaluing the amount required to restore the insured property to its pre-loss condition. Moreover, the Insurer has engaged in bad faith practices designed to delay claims and prevent the Insured from recovering what is rightfully owed under the subject policy of insurance. The Insurer's actions and inactions have continued to frustrate and delay the resolution of the Insured claim.
The Insurer's actions amount to but are not limited to the following:
1. Claim delay
2. Not treating the Insured with good faith claims conduct
3. Looking for way to reduce recovery to the Insured
4. Looking for ways to deny recovery to the Insured
5. Not adjusting claims and evaluating loss properly, promptly and fairly to provide full and prompt indemnity to the Insured
6. Not training, supervising or managing adjusters properly so that prompt and full payments are made, but rather placing the company's interests before the Insured's' interests
7. Placing the financial interest of the Insurer over that of the health and safety of the Insured
8. Failing to provide an estimate that complies with the Florida Building Codes
9. Shifting the burden of investigating onto the Insured
10. Conducting inadequate investigations
11. Failing to render a written claims determination to the Insured within 90 days pursuant to Florida Statute 627.70131
12. Failing to pay interest on a claim that is older than ninety (90) days
13. Requesting a re-inspection despite no changes to the above-referenced insured property
14. Treat represented and unrepresented Insured differently
15. Failing to provide a loss run statement
16. Making material misrepresentations
Therefore, to cure the defects outlined in this civil remedy notice, the Insurer must:
(1). Admit full coverage for the Insured's loss.
(2). Tender full benefits owed to the Insured under the insurance contract.
A copy of this form submitted to the FDFS has been sent via e-mail to the following parties providing them notice of the filing of the civil remedy notice. Please e-mail any response to this civil remedy notice to badfaith@krapflegal.com.
Via E-mail:
Olympus Insurance Company
P.O. Box 33117
Palm Beach Gardens, FL 33420
olympusclaims@oigfl.com
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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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