Filing Number: 798849
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| Filing Accepted: 1/2/2025 |
| Last/Business Name
*
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| Street Address
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9518 BRACKIN STREET |
| City, State Zip
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ORLANDO,
FL
32825
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| Email Address
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LUCY.RIVERA0115@GMAIL.COM |
| Complainant Type:
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Insured |
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| Last/Business Name* |
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ACEVEDO |
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First Name |
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RAUL |
| Policy # * |
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0760029925 |
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Claim #* |
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7008050504-1 |
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Attorney is Applicable
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| Last Name* |
GUTIERREZ
First Name *
CAMILA
Initial
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| Street Address* |
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5600 DAVIE ROAD |
| City, State Zip* |
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DAVIE
,
FLORIDA
33314
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| Email Address * |
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CGUTIERREZ@MINEOLAW.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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TRUCK INSURANCE EXCHANGE
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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 21709 |
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| Name of individual responsible for violation (if any):*
ALL ADJUSTERS, SUPERVISORS, MANAGERS, ATTORNEYS, AND INDIVIDUALS ASSOCIATED WITH AND/OR RETAINED BY UNIVERSAL PROPERTY & CASUALTY INSURANCE COMPANY CONCERNING THE CLAIM AT ISSUE
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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 Denial
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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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Violation of Code of Ethics
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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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| 626.9541(1)(i)(1) |
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Attempting to settle claims on the basis of an application, when serving as a binder or intended to become a part of the policy, or any other material document which was altered without notice to, or knowledge or consent of, the insured.
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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)(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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| 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.
In addition to the breach of the above statutory duties, see Coverage A and Loss Payment Provisions
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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.
Truck Insurance Exchange (“the Insurance Company”) issued a homeowner’s insurance policy to its insureds, Raul Acevedo and Luz Rivera (the “Insureds”), for the insured’s property located at 9518 Brackin Street, Orlando FL, 32825. The subject Policy afforded various types of coverages including coverage for damage to dwelling, other structures, personal property, and for loss of use. On or about September 28, 2022 while the subject Policy was in full force and effect, the Insured’s home was damaged as a result of Hurricane Ian. The Insured promptly notified the Insurance Company of the loss. Thereafter, the Insurance Company acknowledged the loss and assigned claim number 7008050504-1 to the loss. The Insureds complied with all policy conditions and cooperated with the Insurance Company’s investigation efforts.
The Insurance Company has inspected the property and conducted its investigation of the claim. The Insured has fully complied with all policy conditions and requests made to the Insureds by the Insurance Company, though the Insureds do not believe that the Insurance Company has conducted a full investigation and/or accurately conducted its investigation.
After completing its investigation, the Insurance Company wrongly denied the Insured’s claim and failed to issue any payment for the claim whatsoever. In fact, the insurance company denied the claim on October 11, 2024, alleging no coverage for the claim.
Accordingly, the Insurance Company has misrepresented facts and policy language related to the coverages provided under the policy, and has accordingly collected a premium for insurance that has not been provided in full. The obligation to pay the full value of the Insured’s claim has been made clear based on the facts and evidence available, yet the Insurance Company has failed to pay the full value of the Insured’s claim. This is caused in part by the Insurance Company’s failure to adopt and implement standards for the proper investigation of claims.
The Insured provided the Insurance Company with documentation evaluating the loss, and rather than issuing the proper payment or attempting to reach an agreement with its’ Insured, the Insurance Company is delaying and denying the claim. Upon information and belief, the Insurance Company performs the subject actions as a business practice, including delaying the claim and/or denying the claim in an attempt to dissuade its insureds from pursuing the claim to the detriment of its insureds to increase financial profits.
In order to remedy the above defects, the Insurance Company must do the following:
1. Immediately admit coverage and pay the Insureds the full value of the claim.
2. Pay statutory interest on the amount of unpaid damages from the date of loss.
3. Act fairly and honestly toward its Insureds with due regard for her interests in attempting to resolve the claim.
4. Cease and desist all present and future bad faith actions with regard to this claim.
5. Implement standards for the property investigation of claims.
6. Stipulate to the Insureds’ entitlement to attorney’s fees and court costs pursuant to section 627.428, Florida Statutes, and pay the amount of fees and costs incurred.
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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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