Filing Number: 805915
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| Filing Accepted: 2/10/2025 |
| Last/Business Name
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PARKWOODS V HOA INC.
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First Name |
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| Street Address
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SANDLEWOOD LANE & MALT DR. |
| City, State Zip
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FORT MYERS,
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33907
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| Email Address
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TIMHOAV@HOTMAIL.COM |
| Complainant Type:
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Insured |
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| Last/Business Name* |
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PARKWOODS V HOA INC. |
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First Name |
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| Policy # * |
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AMC-36216-03 |
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Claim #* |
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4198053 |
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Attorney is Applicable
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| Last Name* |
LOCKARD
First Name *
DAVID
Initial
J.
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| Street Address* |
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9240 BONITA BEACH RD. SE |
| City, State Zip* |
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BONITA SPRINGS
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FLORIDA
34135
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| Email Address * |
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PAUL@MYCHAMPIONLAWYER.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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AMERICAN COASTAL 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 12968 |
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| Name of individual responsible for violation (if any):*
JIM CRESSE, SCLA, IA, LIC#A057611 OF SEDGWICK DELEGATED AUTHORITY
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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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| 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)(d) |
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Denying claims without conducting reasonable investigations based upon available information.
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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.
1. Coverage A - Building Property:
o "We will pay for direct phyisical loss of or damage to Covered Property at the premises described in the Declarations caused by or resulting from a Covered Cause of Loss.”
2. Duties After Loss:
o Take all reasonable steps to protect the Covered Property from further damage, and keep a record of your expenses necessary to protect the Covered Property, for consideration in the settlement of the claim. This will not increase the Limit of Insurance. However, we will not pay for any subsequent loss or damage resulting from a cause of loss that is not a Covered Cause of Loss.
3. Loss Payment Provision:
Loss Payment a. In the event of loss or damage covered by this Coverage Form, at our option, we will either: (1) Pay the value of lost or damaged property; (2) Pay the cost of repairing or replacing the lost or damaged property, subject to b. below; (3) Take all or any part of the property at an agreed or appraised value; or (4) Repair, rebuild or replace the property with other property of like kind and quality, subject to b. below. We will determine the value of lost or damaged property, or the cost of its repair or replacement, in accordance with the applicable terms of the Valuation Condition in this Coverage Form or any applicable provision which amends or supersedes the Valuation Condition.
4. Increased Cost of Construction Coverage:
o With respect to the building that has sustained covered direct physical damage, we will pay the increased cost to: (1) Repair or reconstruct damaged portions of that building; and/or (2) Reconstruct or remodel undamaged portions of that building, whether or not demolition is required; when the increased cost is a consequence of enforcement of the minimum requirements of the ordinance or law.
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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.
In addition to the statutory violations referenced above, the Insureds state that the carrier violated the following Florida Administrative Code Sections:
69B-220.201(3)(b) An adjuster shall treat all claims equally. An adjuster shall not provide favored treatment to any claimant. Adjuster shall adjust all claims strictly in accordance with the insurance contract.
69B-220.201(3)(b)2. An adjuster shall adjust all claims strictly in accordance with the insurance contract.
69B-220.201(3)(c) An adjuster shall not approach investigations, adjustments, and settlements in a manner prejudicial to the Insureds.
69B-220.201(3)(d) – An adjuster shall make truthful and unbiased reports of the facts after making a complete investigation.
69B-220.201(3)(f) An adjuster, upon undertaking the handling of a claim, shall act with dispatch and due diligence in achieving a proper disposition of the claim.
69B-220.201(3)(m) An adjuster shall not knowingly fail to advise a claimant of their rights in accordance with the terms and conditions of the contract and of the applicable laws of this state.
Facts and Circumstances Giving Rise to the Violation
In Florida, the work of adjusting insurance claims engages the public trust. This Insurance Company has breached the public’s trust by its improper adjustment of the “Insured’s” claim of loss. American Coastal has failed to create and implement adequate guidelines for the proper investigation and evaluation of claims, claims handling, and for training and supervising employees and attorneys, resulting in statutory violations, as set forth above. This carrier has failed and/or refused to thoroughly, accurately, and completely investigate and evaluate the Insureds insurance claim for damages in good faith.
The handling of this claim by American Coastal Insurance Company has been a portrait of systematic delay, intentional underpayment, and corporate indifference to the plight of its insured. The consequences of the carrier’s actions have been devastating for Parkwoods V HOA Inc., leaving its residents to endure financial strain, uninhabitable conditions, and emotional distress—a textbook example of bad faith claims handling designed to erode the will of the insured and minimize the carrier’s financial exposure.
Deliberate and Unreasonable Delays
From the outset, American Coastal has displayed a blatant disregard for its statutory and contractual obligations. Florida Statute §627.70131(5)(a) mandates that an insurer make a coverage determination within 90 days of receiving a claim. In this case, the carrier not only failed to meet this deadline but then took well over a year to render its final estimate. During this time, the insured provided all requested documentation, including detailed repair estimates, photographs, and mitigation logs, yet these submissions were met with silence or cursory acknowledgments.
The carrier’s September 12, 2023 letter is emblematic of its strategy of deflection and obfuscation. Despite receiving damage estimates exceeding $4 million in January 2023, the letter falsely claimed that necessary documentation had not been provided. Even after these estimates were resubmitted multiple times—and acknowledged in an August 16, 2023 email—the carrier failed to take any substantive action, perpetuating a cycle of delay that forced the HOA to shoulder escalating remediation costs and left residents in squalid conditions.
Intentional Underpayment
American Coastal’s use of Xactimate software to generate its estimate was not merely negligent; it was a calculated attempt to undervalue the claim. The carrier’s own report, as analyzed by Xactimate expert Stephen Harmon, reveals a consistent pattern of omitted overhead and profit (O&P) for both roofing and exterior work. Specifically:
• For all 22 roofs, the carrier excluded $266,438.48 in O&P, resulting in an egregious undervaluation of the actual cost of repairs on what was already a clear underpayment, even by the carrier’s own admission as evidenced by subsequent additional payments.
• For all 22 building exteriors, an additional $25,513.84 in O&P was omitted, bringing the total shortfall to $291,952.32.
Moreover, the depreciation applied—10 years for materials such as HVAC units—was arbitrary and unsupported, as the carrier failed to verify the age, make, or condition of these items. This systematic manipulation of claim data is tantamount to an economic sleight of hand, designed to deny the insured the full benefits owed under the policy.
This is not an isolated incident. There are documented instances involving the same insurance company and its third-party hires engaging in nearly identical practices, including deliberate software manipulation. This pattern points to a systemic approach aimed at reducing claim payouts and increasing profits at the expense of policyholders.
Misrepresentation and Bad Faith Tactics
The carrier’s correspondence is riddled with factual inaccuracies and misrepresentations, which appear to be deliberate attempts to confuse and mislead the insured. For instance, the September 12, 2023 letter asserted that the carrier had been denied access to certain buildings. This claim is directly contradicted by an affidavit signed by Tim Kornell, who testified that Sedgwick’s Field Adjuster, Jim Cresse, stated unequivocally, “I’ve seen enough,” acknowledging that adequate inspections had been completed.
Additionally, the carrier’s insistence on re-requesting documentation that had already been submitted—and in some cases acknowledged—exposes its strategy of procedural stonewalling. These tactics serve no legitimate purpose other than to wear down the insured and delay the resolution of the claim.
The carrier has even refused to allow their own general contractor, Compass Building Services, to perform the services they themselves quoted on behalf of the carrier. The rug was pulled out from underneath the insured who requested Compass conduct the interior work and drywall putback they quoted in their estimate. Upon request, AmCoastal refused to honor their end and instead requested the insureds find their own contractor to complete the work. This is in direct violation of §626.9541(1)(i)(3)(b).
Human and Financial Toll
The consequences of American Coastal’s actions have been catastrophic for Parkwoods V HOA Inc. and its residents. The delay in issuing a reasonable ACV payment forced the HOA to resort to temporary, stopgap measures, exacerbating the financial burden on the association. Residents, many of whom are elderly or on fixed incomes, have been forced to endure uninhabitable conditions, including damaged roofs, water intrusion, and mold growth. The emotional toll of living in such conditions is immeasurable, and the financial strain has jeopardized the HOA’s ability to fulfill its obligations to its members.
American Coastal’s failure to act in good faith—by issuing timely payments, conducting thorough and honest evaluations, and adhering to its statutory obligations—is not just a breach of contract; it is a moral failing that has left a vulnerable community to suffer the consequences of the carrier’s greed and indifference.
The concept of insurance is that the insurer will investigate and grant timely and prompt indemnity or security against a contingent loss. 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 upon determinable contingencies. Inherent in that definition is the fact that payment must be made timely and promptly so that the Insureds may mitigate their damages and be put back into the position they were in prior to the loss as quickly as possible.
SUMMARY OF STATUTORY VIOLATIONS:
This intentional, willful, wanton, and malicious conduct referenced above is a clear violation of multiple Florida Statutes, including § 624.155(1)(b)(1), and shows that the carrier did not attempt in good faith to settle the Insureds claim(s) when, under all the circumstances, it could have and should have done so, had it acted fairly and honestly toward its Insureds and with due regard for the Insureds interests. Am Coastals’s refusal and/or failure to settle the claim when under all circumstances it could have and should have done so had it acted fairly and honestly toward the Insureds is wrongful conduct.
THEREFORE: This Insurance Company, American Coastal Insurance, must:
(1) create and implement adequate guidelines for the proper investigation and evaluation of these type of claims and for the training and supervision of employees, which will avoid future statutory violations.
(2) create and implement adequate guidelines for the proper investigation and evaluation of these type of claims and for the training and supervision of employees and attorneys with regard to these types of claims to ensure that the claims handling procedure with regard to these type of losses are adequate to prevent other Insureds from being treated unfairly and wrongfully; and
(3) immediately tender all undisputed insurance proceeds to the Insured while continuing to adjust the loss with the Insureds; and
(4) tender to the Insureds full policy limits under all coverages and waive or repay all deductibles; and
(5) pay statutory interest on untimely payments from the date of loss; and
(6) payment of the Insureds attorney’s fees and costs; and
(7) payment of all fees, costs, and expenses related to the hiring and use of experts, professionals, and other consultants used by the Insured.
(8) exercise good faith efforts to resolve these claim(s) by acting fairly and honestly towards the Insureds and with due regard for their interests in attempting to settle its Insureds claim(s).
Cure to Remedy the Violations
To cure these violations, American Coastal Insurance Company must:
1. Pay the remaining amount of the insured’s incurred costs associated with the mitigation invoices from both United Environmental ($575,000.00 ) & Rapid Response ($445,877.85), temporary roofing repairs conducted by Apple Roofing ($308,820.00) & CFS Roofing ($11,896.59), and roof replacements conducted by Kelly Roofing ($2,508,849.00.) $3,850,443.44 total.
2. Reimburse the insured for attorney’s fees and costs incurred as a result of the carrier’s delays.
3. Pay the insureds for the remaining work to be completed as a result of Hurricane Ian Damage (including interior repairs) OR allow the carrier's General Contractor, Compass Building Services to come in and complete the required work per their estimate.
4. Acknowledge in writing the insurer’s failure to meet statutory deadlines and commit to reviewing and correcting claims handling practices to avoid future violations.
Failure to cure these violations within 60 days from the filing of this notice may result in further legal action.
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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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