Filing Number: 823132
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| Filing Accepted: 5/22/2025 |
| Last/Business Name
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PHILIPSON
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First Name |
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JON AND LESLEY |
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| Street Address
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C/O STEPHEN BAGGE, ESQ. 712 S. OREGON AVE. |
| City, State Zip
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TAMPA,
FL
33606
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| Email Address
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SBAGGE@CAREYOMALLEY.COM |
| Complainant Type:
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Third Party |
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| Last/Business Name* |
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FORREST PARK DEVELOPMENT, LLC |
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First Name |
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| Policy # * |
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ATN2015791 |
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Claim #* |
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73399 |
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Attorney is Applicable
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| Last Name* |
BAGGE
First Name *
STEPHEN
Initial
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| Street Address* |
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712 S. OREGON AVE |
| City, State Zip* |
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TAMPA
,
FL
33606
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| Email Address * |
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SBAGGE@CAREYOMALLEY.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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UNITED SPECIALTY 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 12537 |
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| Name of individual responsible for violation (if any):*
LIZ DEL ROSARIO
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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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Unsatisfactory Settlement Offer
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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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Specific policy language that is relevant to the violation.
Enter all words or phrases (one at a time) that should be used to filter.
The subject policy requires that the insurer provide coverage "because of...property damage," and has policy limits of $1,000,000 per occurrence.
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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 carrier was made aware that the claimants, Lesley and Jon Philipson, asserted claims in excess of the policy limits against the insured in 2023. The carrier was advised in January 2024 that the structure on which the insured had performed work needed to be demolished due to the insured’s negligence. Although aware of the claims, the carrier immediately retained an expert to inspect the structure solely on its own behalf—rather than on behalf of the insured. The carrier was also advised of the possible need to place third parties on notice.
After suit was filed in May 2024, the carrier was promptly informed of the lawsuit but inexplicably delayed in hiring counsel, seeking an inspection on the insured’s behalf, or putting third party defendants on notice. When counsel was finally retained, the carrier apparently failed to advise counsel about the demolition or the need for an inspection.
With the carrier’s knowledge and authorization, its retained counsel moved in August 2024, on behalf of the insured, for a court order requiring the claimants to delay demolition of the house based on alleged lack of notice and resulting prejudice so that an inspection could be performed and notice provided to third parties—steps the carrier could have taken eight months earlier.
The carrier’s inactivity and failure to inform defense counsel were nothing more than hard ball tactics intended to pressure the claimants and delay resolution. This failure prejudiced the insured because the claimants are now seeking sanctions for the completely avoidable delay caused by the order prohibiting demolition of the property. In addition, the delay has increased the insured’s exposure, as prejudgment interest continues to accrue.
Despite knowing well before suit that the insured faced exposure in excess of the policy limits, the carrier never proactively sought to resolve the claim. The carrier, through counsel, did not request a demand from the claimants until shortly before the mediation scheduled for May 20, 2025.
On May 6, 2025, the insured’s counsel received a report from the claimants’ counsel showing that one component of the claimants’ damages—the cost to rebuild their home plus prejudgment interest—far exceeded the $1,000,000 policy limits; the total was approximately $2.35 million. On May 14, 2025, the insured’s counsel received supplemental preliminary damages information for mediation purposes indicating that the insured’s exposure was at least $6.25 million, inclusive of actual damages, legal fees, and prejudgment interest. This figure is conservative, as it is driven largely by the cost to rebuild the Philipson home as it stood in 2020, using 2020 cost data. However, as a practical reality, the Philipsons were considerably delayed in their rebuilding efforts as a direct consequence of the insured’s conduct, and the true cost to rebuild the Philipson home as it stood is really much higher due to significant increases in construction costs between 2020 and present, with per square footage construction costs doubling. Accounting for these increased costs, the Philipsons’ actual damages are likely in the $7 to $8 million range.
On May 20, 2025, the parties reached an impasse at mediation because the carrier granted insufficient settlement authority, dooming the session. Another mediation is scheduled for June 13, 2025. It is unclear whether the carrier will attend with sufficient authority — namely, authorization to tender the policy limits. No other mutually available mediation dates exist with the mediator before trial, which is anticipated in about three months.
As of the upcoming June 13, 2025, mediation date, the carrier will have possessed the claimants’ damages information for a month and their initial rebuild estimate for approximately six weeks. The insured’s liability is indisputable, and the insured faces exposure far in excess of the policy limits. There is no legitimate basis to limit or deny coverage, because the damages all arise from physical damage to work that was not the insured’s work—specifically, the required demolition of the Philipson home, a pre existing structure, which was not the work of the insured, as it existed prior to the insured being involved in the project.
Any attempt by the carrier to focus first on obtaining settlements from third parties at the upcoming mediation, instead of settling the claims against the insured, will further prejudice the insured, as there is no other opportunity to mediate before trial. Such conduct, which places the carrier’s financial interests ahead of the insured’s, would constitute additional bad faith, particularly because the carrier can pursue third parties after settling the claims against the insured.
All of the foregoing violates Fla. Stat. § 624.155(1)(b)(1): 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 its insured and with due regard for the insured’s interests.
The only way for the carrier to cure its past bad faith conduct is to authorize an immediate tender of the policy limits. Rest assured, the carrier will be held accountable if it refuses to do so. The insured faces considerable liability in the form of actual damages, plus punitive damages, which will be several times the actual damages. Under Florida law, the carrier will be exposed to extra contractual liability for the entire judgment against the insured regardless of the policy limits or any exclusions for punitive damages.
This is the carrier’s last opportunity to protect itself and the insured from exposure exceeding $20 million. Any further delay, refusal to tender the policy limits, or unsupported rationales for refusing to settle will constitute additional evidence of bad faith.
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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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