Filing Number: 806380
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| Filing Accepted: 2/11/2025 |
| Last/Business Name
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STERLING BREEZE OWNERS ASSOCIATION, INC.
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First Name |
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| Street Address
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16701 FRONT BEACH ROAD |
| City, State Zip
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PANAMA CITY BEACH,
FL
32413
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| Email Address
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MARK@RERENT.COM |
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Insured |
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| Last/Business Name* |
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STERLING BREEZE OWNERS ASSOCIATION, INC. |
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First Name |
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| Policy # * |
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CERTAIN UNDERWRITERS AT LLOYD'S, LONDON: LWH001177 |
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Claim #* |
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SSIC-18-0095 |
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Attorney is Applicable
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| Last Name* |
DODGE
First Name *
LAUREN
Initial
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| Street Address* |
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314 MAGNOLIA AVENUE |
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PANAMA CITY
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FLORIDA
32401
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| Email Address * |
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LAUREN@MANUELTHOMPSON.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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UNDERWRITERS AT LLOYD'S, LONDON
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| Insurer Name* |
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| Street Address* |
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NAIC Company Code |
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| Name of individual responsible for violation (if any):*
MICHAEL HARGRAVE; DOMINICK FLOURNOY; JIM DOBSON; BROOKE ADKINS
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| Type of Insurance
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Commercial 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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Not conducting full and prompt investigation
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Other
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Not treating insured with good faith claims conduct
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Other
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Holding back portions of claim clearly owed
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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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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)(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)(4) |
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Failing to pay undisputed amounts of partial or full benefits owed under first-party property insurance policies within 60 days after an insurer receives notice of a residential property insurance claim, determines the amounts of partial or full benefits, and agrees to coverage, unless payment of the undisputed benefits is prevented by factors beyond the control of the insurer as defined in s. 627.70131(5).
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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.
Form CAT7011 (01/17) Pg. 1 of 5 – Common Policy Conditions – Appraisal
If you and we disagree on the values of the covered property, your Business Income,
Extra Expense or the amount of any loss or damage, either may make written demand for
an appraisal of such values. In this event, each party will select a competent and
impartial appraiser. The two appraisers will select an umpire. If they cannot agree, either
may request that selection be made by a judge of a court having jurisdiction. The
appraisers will state separately the value of the property, the amount of Business Income,
Extra Expense and amount of loss or damage. If they fail to agree, they will submit their
differences to the umpire. A decision agreed to by any two will be binding. Each party
will:
a. Pay its chosen appraiser; and
b. Bear the other expenses of the appraisal and umpire equally.”
Form CP OO 17 10 12 Page 1 of 15 - A. Coverage “We will pay for direct physical loss of or damage to Covered Property at the premises described in the Declarations caused by or resulting from any Covered Cause of Loss.”
Form CP OO 17 10 12 Page 11 of 15 – “4. 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.
b. The cost to repair, rebuild or replace does
not include the increased cost attributable
to enforcement of or compliance with any
ordinance or law regulating the
construction, use or repair of any property.
c. We will give notice of our intentions within
30 days after we receive the sworn proof of
loss.
d. We will not pay you more than your
financial interest in the Covered Property.
e. We may adjust losses with the owners of
lost or damaged property if other than you.
If we pay the owners, such payments will
satisfy your claims against us for the
owners' property. We will not pay the
owners more than their financial interest in
the Covered Property.
f. We may elect to defend you against suits
arising from claims of owners of property.
We will do this at our expense.
g. We will pay for covered loss or damage to
Covered Property within 30 days after we
receive the sworn proof of loss, if you have
complied with all of the terms of this
Coverage Part, and:
(1) We have reached agreement with you
on the amount of loss; or
(2) An appraisal award has been made.
If you name an insurance trustee, we will
adjust losses with you, but we will pay the
insurance trustee. If we pay the trustee, the
payments will satisfy your claims against
us.
Form CP OO 17 10 12 Page 12 of 15 – Valuation
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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.
The insured's (Sterling Breeze Owner’s Association, Inc., hereinafter referred to as “SBOA”) commercial property was damaged by Hurricane Michael on October 10, 2018. At the time of the loss, the property was mutually insured by Safety Specialty Insurance Company (“Safety Specialty”) and Certain Underwriters at Lloyd’s, London (collectively, the “Insurers”) under policy numbers SSW000412, LWH00117. The address for the insured property is 16701 Front Beach Road, Palm Beach, FL 33413.
The claim was promptly reported to the insured’s insurer, Safety Specialty which dispatched one or more adjusters to the insured location for the purpose, allegedly, of determining the scope and amount of loss. Safety Specialty and Certain Underwriters at Lloyd’s, London assigned Jim Dobson of Crawford & Company, on behalf of Precise Adjustments, Inc., to inspect the property. Mr. Dobson inspected the property on October 25, 2018. Mr. Dobson’s inspection revealed water damage; however, the amount of the repairs as determined by Mr. Dobson with Crawford & Company, on behalf of the Precise Adjustments, Inc., the third party claims administrator, was $3,348.57. The insurer declined to issue payment on the claim, based on the Insurers' determination that the repair costs were in the amount of $3,438.57, which was less than the policy deductible.
On September 15, 2021, Michael Hargrave, Executive General Adjuster, wrote to SBOA regarding SBOA’s claim for property damages. Mr. Hargrave stated that the insurers were investigating the claim under a reservation of rights. Mr. Hargrave then cited multiple provisions of the property, without any clarity as to why the sections were referenced. The sections cited included: duties of the insured; exclusions; limitations. The insurers then issued a request for a sworn Proof of Loss (“SPOL”) and requested 37 different categories of documents pertaining to the claim. The insurers requested the copious amounts of documents to be provided no later than thirty days.
On December 14, 2021, the insurers wrote to the SBOA formally acknowledging receipt of the insured’s SPOL, but stating the insurers disagreed with the amount of claimed damages. The insurers stated that the claim and evaluation of damage was still under investigation at that time.
On November 7, 2022, the Executive General Adjuster for the Insurers, Michael Hargrave, issued a Statement of Loss in the amount of $461,171.10 RCV for the building damage. After application of the deductible, this resulted in a net ACV claim of $148,799.49 since no payments had been issued on the claim.
The insured obtained an estimate of repairs in the amount of $1,281,119.88 and provided same to the Insurers. The insured demanded appraisal pursuant to the policy, named their appraiser, and demanded the Insurers name their appraiser.
The insured repeatedly objected to the amount of loss as determined by the Insurers and continued to request payment of the undisputed amount of loss to no avail.
On February 17, 2023, the insured, via its public adjuster, Jeffrey L. Evans, demanded payment of the undisputed funds in the amount of $148,799.49, invoked the appraisal clause under the subject insurance policy, and named its appraiser. Mr. Evan’s February 17, 2023, letter stated that the property had sustained damages from a named peril, Hurricane Michael, and that the Insurers’ initial and subsequent inspection of the property were deficient in noting the extent of damage as well as the cost of the repairs.
On March 7, 2023, the Insurers issued its response to the appraisal demand, stating that the policy required a dispute as to the value of the loss before the claim could be submitted to appraisal. Despite receiving the insured’s estimate of loss, the Insurers adamantly refused to name its appraiser, stating that there had been no meaningful exchange of information. The Insurers attempted to classify the Statement of Loss and issuance of a release as a “negotiated settlement” and claimed that it did not realize the insured no longer intended to proceed with what is characterized as a “settlement” until February of 2023.
On April 27, 2023, the Insurers wrote to SBOA regarding their March 7, 2023, letter requesting another SPOL (despite having already received one from the insured). The insurers April 27, 2023 correspondence reiterated that the Insurers had determined that appraisal was not ripe, and contained a complete reservation of rights letter.
Due to the Insurers unwillingness to issue the undisputed payment and refusal to submit to appraisal (as required once invoked under the policy) the Insured was forced to hire counsel. On May 22, 2023, the Insured’s counsel wrote to the Insurers reiterating the request for payment of the undisputed amount of $148,799.49, reiterating the appraisal demand, and further stating as follows:
“We disagree with your assessment that appraisal is not yet ripe, that the insured has not complied with policy conditions, and that the Insurers have not received information to determine an actual dispute exists. The insured has provided an estimate of repairs to the Insurers in the amount of $1,281,119.88 RCV (subject to application of deductible). An additional copy of the estimate is attached hereto. Therefore, it is clear there is a dispute as to the values of the covered property, and as such, this claim is ripe for appraisal.”
On July 26, 2023, Michael Hargrave wrote to the Insured to advise the insured that the Insurers were invoking their right to conduct an Examination Under Oath of the persons with “the most knowledge” of subject matters delineated as (a) through (j) in the letter. Additionally, Michael Hargrave requested the insured to provide “any and all documents of any kind or nature that will support any aspect of its supplemental claim as soon as possible, but at least ten days prior to the Examination”. The Insurers issued twenty-one (21) different requests (of which one request alone had 5 subparts). The Insurers’ letter went so far as to request the insured assist the Insurers and cooperate with obtaining voluntary sworn statements of anyone who might have relevant and material information regarding the loss. Notably, the insurers did not cite the specific policy language which required this of the Insured. Finally, Michael Hargrave’s July 26, 2023, correspondence stated that the Insurers incorporated the September 27, 2021 Reservation of Rights letter.
In response to the Insurers’ July 26, 2023, letter requesting the EUO, the insured’s counsel wrote to the Insurers clarifying that the duties of the insured are set out in the policy and that “cooperation” does not equal everything which can be conjured up by the Insurers, such as the request to provide any and all documents of any kind or nature that will support any aspect of its supplemental claim as soon as possible. Further, the Insured’s counsel clarified that pursuant to the EUO provision, the Insurers have the right to examine the insured under oath, but that the Insurers’ Request for Examination appeared to go far and wide from the policy provision by requiring the insured’s representative “with the most knowledge” to sit for the EUO. Finally, the insured’s counsel provided responses and documents in response to the 21 different requests for information/documentation.
Subsequently, the insured cooperated with the Insurers’ request for an EUO, which was held on September 28, 2023.
To date, the Insurers have refused to issue any payments whatsoever on this claim, including the $148,799.49 undisputed payment, as reflected in the Statement of Loss prepared by the Insurers.
The insurer violated the provisions of Florida Statute §624.155(1)(b)(1) by failing to attempt in good faith to settle this claim when, under all the circumstances, it could and should have done so, had it acted fairly and honestly toward its insureds and with due regard for their interests. At all material times, the insurers involved in this claim acted in their own self interest to minimize what is clearly substantial damage to the insured’s structure. Had the insurers acted fairly and honestly toward their insureds with a due regard for their interests, they would have fairly valued the loss and would have prepared a scope and amount of loss which was consistent with the value of the loss experienced by the insureds. These insurers consistently failed to do so. Further, the insurers failed to timely pay undisputed funds consistent with the policy provisions regarding same.
The insurer violated the provisions of Florida Statute §626.9541(1)(i)(2) by making one or more material misrepresentations to the insureds 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. Here, the Insurers attempted to effectuate a settlement of the insured’s claim on terms less favorable than those possibly provided in the policy, by misrepresenting to the insureds the actual scope of damage and the cost to repair such damage by grossly and intentionally under-scoping the amount of insured damage caused by Hurricane Michael. The Insurers were motivated by minimizing payments it had to make to its insured to its own benefit, and to the detriment of its insured. Instead of issuing payment for the undisputed amount as reflected in the statement of loss, the insurers demanded the insured sign a release of claim in exchange for payment of the undisputed amount. The insured, of course, did not agree with the amount of the loss as determined by the Insurers in its Statement of Loss, and therefore did not sign a release of all claims, which the Insurers attempted to coerce the insured to do.
The insurer violated the provisions of Florida Statute §626.9541(1)(i)(3)(a) by failing to adopt and implement standards for the proper investigation of claims. The insurers failed to adopt and implement standards for the proper investigation of claims. In fact, it clearly appears the insurers acted purposefully with the intent to minimize the insureds’ claim by understating the amount of loss. The insurers tried to force the insured to sign a release of all claims in exchange for receiving the undisputed payment amount listed in the statement of loss. This appears to clearly have been a claim settlement practice designed to utilize economic pressure to force the insureds to accept significantly less in insurance proceeds than that to which the insureds were due.
The insurer violated the provisions of Florida Statute §626.9541(1)(i)(3)(b) by misrepresenting pertinent facts or insurance policy provisions relating to coverages at issue. This has been substantially covered hereinabove and relates to the misrepresentations regarding the scope and amount of loss, and is restated herein as if it were set forth verbatim.
The insurer violated the provisions of Florida Statute §626.9541(1)(i)(4) by Failing to pay undisputed amounts of partial or full benefits owed under first-party property insurance policies within 60 days after an insurer receives notice. This has been substantially covered hereinabove and relates to the failure to pay the undisputed partial amount owed, and is restated herein as if it were set forth verbatim.
NOTE: Certain Underwriters at Lloyd's, London and Safety Specialty Insurance Company (the Insurers) can remedy these violations by issuing the undisputed payment in the amount of $148,799.49 and paying the insured’s claim properly within 60 days of the acceptable date of this notice and abiding by the terms and conditions of the said policy of insurance prior to the expiration of the 60-day remedy time period. Further, Certain Underwriters at Lloyd's, London and Safety Specialty Insurance Company must agree to pay applicable interest, attorneys’ fees and costs as agreed by the parties or ordered by a court having jurisdiction over this matter.
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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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