Filing Number: 810571
|
| Filing Accepted: 3/11/2025 |
| Last/Business Name
*
|
|
|
| Street Address
*
|
|
28213 ISLET TRAIL |
| City, State Zip
*
|
|
BONITA SPRINGS,
FL
34135
|
| Email Address
*
|
|
SSHANER945@GMAIL.COM |
| Complainant Type:
*
|
|
Insured |
|
| Last/Business Name* |
|
SHANER |
|
First Name |
|
SARAH |
| Policy # * |
|
W015488771 |
|
Claim #* |
|
3300535273 |
|
Attorney is Applicable
|
| Last Name* |
RUDDOCK
First Name *
OMARI
Initial
S
|
| Street Address* |
|
4770 BISCAYNE BLVD, STE 600 |
| City, State Zip* |
|
MIAMI
,
FL
33137
|
| Email Address * |
|
OMARI@WARDRUDDOCK.COM |
|
|
| Insurer Type
*
|
|
Authorized Insurer
Unauthorized Insurer
|
|
|
| Insurer Name |
|
|
| Insurer Name* |
|
TOWER HILL INSURANCE EXCHANGE
|
| Insurer Name* |
|
|
| Street Address* |
|
|
| City, State Zip* |
|
,
|
|
NAIC Company Code 17179 |
|
|
| Name of individual responsible for violation (if any):*
TANGI FORMAN, JOHN SERNAQUE, TOWER HILL CLAIM DECISION MAKERS
|
| Type of Insurance
*
Residential Property & Casualty
|
|
|
| Reason for Notice
*
|
|
Claim Denial
|
|
Claim Delay
|
|
Unsatisfactory Settlement Offer
|
|
Unfair Trade Practice
|
|
|
*
Statutory provision(s) which the insurer allegedly violated.
|
|
|
| 624.155(1)(b)(1) |
|
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.
|
| 624.155(1)(b)(3) |
|
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.
|
| 626.9541(1)(i)(2) |
|
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.
|
| 626.9541(1)(i)(3)(a) |
|
Failing to adopt and implement standards for the proper investigation of claims.
|
| 626.9541(1)(i)(3)(b) |
|
Misrepresenting pertinent facts or insurance policy provisions relating to coverages at issue.
|
| 626.9541(1)(i)(3)(c) |
|
Failing to acknowledge and act promptly upon communications with respect to claims.
|
| 626.9541(1)(i)(3)(d) |
|
Denying claims without conducting reasonable investigations based upon available information.
|
| 626.9541(1)(i)(3)(f) |
|
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.
|
|
*
Specific policy language that is relevant to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
Dwelling Coverage Provisions
All Additional coverage provisions
loss payment or settlement provision
duties in event of loss provision
|
| |
*
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 around October 9, 2024, the insured, Sarah Shaner, experienced property damage at her home located at 28213 Islet Trail, Bonita Springs, FL 341358510. Tower Hill Insurance Exchange Company (referred to here as "Tower Hill") held an active insurance policy for the property, Policy Number W015488771, on the date of the loss. The loss was caused by a significant windstorm from Hurricane Milton.
The insured submitted a claim to Tower Hill, which assigned it claim number #3300535273. However, the insurer did not fully compensate the claimant as stipulated by the policy, leading to a material breach of contract. These damages are covered under the policy, and the insurer's failure to fully investigate the claim and make the required payment constitutes a material breach.
The insurer further delayed the claim by continuously providing inadequate settlement offers despite having sufficient information to make an adequate offer. Specifically, on March 5, 2025 and March 10, 2025, the insurer provided very low offers to settle the claim despite being placed on notice of their poor conduct in assessing the claim where there is recognizable wind damage shown to the home. Instead they seek to blame the damage on foot traffic.
A copy of this notice has been provided to the insured.
Tower Hill has engaged in a customary business practice and a deliberate course of conduct to hinder resolution of its claims until they enter litigation. It has become a pattern of practice for Tower Hill to not settle claims when it has the ability to do so, and these dilatory tactics serve no purpose other than to increase profits. Tower Hill has violated the following statutory provisions: §642.155(1)(b)(1) - Not attempting in good faith to settle claims when, under all circumstances, it could and should have done so, had it acted fairly and honestly towards its insured and with due regards for her or his interests; §624.155(1)(b)(3) – Except as to liability coverages, failing to promptly settle claims, when the obligation to settle a claim has become reasonable clear, under one portion of the insurance policy coverage in order to influence settlement under other provisions of the insurance policy coverage; §626.9541(1)(i)(2) – 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; §626.9541(1)(i)(3) – Committing or performing with such frequency as to indicate a general business practice any of the following: (a) Failing to adopt and implement standards for the proper investigation of claims; (b) Misrepresenting pertinent facts or insurance policy provisions relating to coverages at issue; (c) Failing to acknowledge and act promptly upon communications with respect to claims; (d) Denying claims without conducting reasonable investigations based upon available information; (f) 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. To remedy this Civil Remedy Notice and to cure the conduct giving rise to the violations described herein, Tower Hill must immediately: (i) tender the full payment to the insured; (ii) make payment of any pre-judgment interest owed under Florida law, including §627.70131(5)(a), which is accruing daily; (iii) make payment for the additional expense incurred by the insured in hiring an attorney; and (iv) implement appropriate standards and procedures for claims investigations and resolution in regard to the outstanding amount of this Claim. The aforementioned payments should be tendered to the insured’s attorneys at Ward Ruddock, PLLC, 4770 Biscayne Blvd., Ste. 600, Miami, Florida 33137.
|
|
*
|
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.
|
DFS-10-363
Rev. 10/14/2008
|