Filing Number: 799569
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| Filing Accepted: 1/7/2025 |
| Last/Business Name
*
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HEATHER
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First Name |
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ALEXIS |
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| Street Address
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720 W 14TH ST. |
| City, State Zip
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ATLANTIC BEACH,
FL
32233
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| Email Address
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ROBERT@WINDLAWGROUP.COM |
| Complainant Type:
*
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Insured |
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| Last/Business Name* |
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HEATHER |
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First Name |
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ALEXIS |
| Policy # * |
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OL30184229-07 |
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Claim #* |
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23FLHOV0014100 |
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Attorney is Applicable
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| Last Name* |
GALLAGHER
First Name *
ROBERT
Initial
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| Street Address* |
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8570 STIRLING RD., SUITE 102-406 |
| City, State Zip* |
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HOLLYWOOD
,
FLORIDA
33024
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| Email Address * |
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ROBERT@WINDLAWGROUP.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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| City, State Zip* |
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,
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NAIC Company Code 12954 |
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| Name of individual responsible for violation (if any):*
THE ASSIGNED DESK ADJUSTER, FIELD ADJUSTER, SUPERVISOR(S) AND/OR MANAGER(S); AND ANY OTHER INDIVIDUAL THAT HAS REVIEWED THIS CLAIM OR MADE DETERMINATIONS WITH RESPECT TO THIS 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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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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| 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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Specific policy language that is relevant to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
OLYMPUS INSURANCE COMPANY failed to adequately adjust and pay the claim covered under the subject insurance policy. Specifically, but not limited to, OLYMPUS INSURANCE COMPANY failed to properly apply the Loss Settlement and Loss Payment provisions of the policy. In addition to the policy sections, all endorsements and changes to the subject policy are relevant to the insured’s claim for civil remedy. There may be additional policy language relevant to this violation that may be discovered.
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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.
On or about December 3, 2023, while the insurance policy (Policy Number: OL30184229-07) was in full force and effect, the subject property located at 720 W 14TH ST. ATLANTIC BEACH, FL 32233 sustained a covered loss as a result of water damage from a covered loss. The insured filed a claim (Claim Number: 23FLHOV0014100) per the terms of the insurance policy with OLYMPUS INSURANCE COMPANY (the “carrier”). OLYMPUS INSURANCE COMPANY received timely notice of the claim but failed to perform a thorough and prompt investigation so the subject property could be restored to its pre-loss condition. The carrier’s adjuster did not properly adjust the loss to include obviously related damages resulting from a covered loss. After the carrier’s inspection, OLYMPUS INSURANCE COMPANY opened coverage for the loss and offered an amount below deductible to repair all the damages. This amount is a gross under-valuation of the claim and is not close to what is needed to restore the subject property to its pre-loss condition, even when accounting for the deductible and depreciation. The insured retained a representative, who performed a comprehensive investigation of the subject property that identified the damage that the carrier knew existed but failed to address. The insured’s representative determined there were damages and repairs necessary to restore the property to its pre-loss condition and submitted claim-related documentation to OLYMPUS INSURANCE COMPANY, including a detailed estimate for repairs for $70,582.02. After offering its initial payment, OLYMPUS INSURANCE COMPANY made it clear that it had no intention of dealing fairly with the insured and properly addressing the gross discrepancy between its offer and the insured’s estimate. Once it became abundantly clear that OLYMPUS INSURANCE COMPANY had no intention of acting in good faith, the insured was forced to file the instant Civil Remedy Notice. The adjusters assigned to this claim have a duty to adjust and treat all claims equally. Since the beginning of this claim the representatives on behalf of OLYMPUS INSURANCE COMPANY have approached this investigation in a manner prejudicial to the insured. OLYMPUS INSURANCE COMPANY is using either untrained or improperly trained adjusters in connection with this claim. OLYMPUS INSURANCE COMPANY should have been fairly adjusting this claim, but instead, it was looking for ways not to pay the claim at all or not pay the claim in full. The above are all examples of OLYMPUS INSURANCE COMPANY’S unfair trade practices, improper investigation and adjustment of the claim, and unfair claim settlement practices. These actions demonstrate the carrier is 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 the insured. The insured gives this notice to perfect the right to pursue the civil remedy authorized by Florida Statute § 624.155. Therefore, to cure the defects outlined in this Civil Remedy Notice, the carrier must: (1) Pay the complete covered loss in the amount of $70,582.02, less any prior payments and less any applicable policy deductible; (2) Pay the statutory interest on the amount of unpaid damages from the date of loss to the date payment is finally made; and (3) implement appropriate standards and procedures for claims investigations and resolution in regard to the outstanding amount of this claim.
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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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