State Farm Insurance Tampa Fl - Keeping up with property insurance law trends is why so many people come to this blog. U.S. District Judge Michael Moore recently noted that some policyholder protection laws lack teeth because policyholders cannot enforce insurance laws designed to protect them. He recently wrote:
For better or worse, plaintiffs are correct in pointing out that subsection (5)(a) sometimes results in violations without a remedy—namely, cases where the insurer is found to have violated subsection (5)'s interest-only provisions. (a) Without any other breach of entitlement to claim omnibus benefits. For example, if Plaintiffs' legal and factual contentions had resulted in the outcome in the case at bar without the "sole basis" provision, the Court estimated that Plaintiffs would be awarded approximately $30,000.00 in damages. The Court is concerned with such a regime: subsection (5)(a) expressly prohibits conduct while providing a safe harbor for that conduct. Also, perhaps not coincidentally, the Court notes a clear pattern of this defendant being charged with failure to pay interest under subsection (5)(a). We are not here to decide whether or not State Farm is a good neighbor. But rightly or wrongly, State Farm has been involved in several similar cases (some of which depend on this order). Courts should not infer a purposive statutory scheme without a strong legal or statutory basis for doing so.
State Farm Insurance Tampa Fl
Florida Governor DeSantis and current Florida Republican leadership are writing similar insurance laws that would require that if Florida policyholders are injured, only an administrative agency can do anything about the violation. This is truly bogus consumer protection, and Floridians should be outraged that these politicians think citizens can't catch the insurance company-backed Republicans who write these laws.
State Farm Insurance Land O' Lakes, Fl
Again, I'm a registered Republican and even gave a six-figure donation to a former Republican governor running for president. Republican Donald Trump is right to say that Republican DeSantis and Republican Florida political leaders have sold out to "global" insurance companies.
In this case, State Farm would be in default on the debt, and the interest would exceed the $30,000 owed under Florida statute. Did State Farm pay the amount required by law? no The problem is that Florida law does not allow the insured to enforce interest. So State Farm didn't pay even though the law required it.
The bottom line is that injured policyholders should be able to enforce laws designed to protect them, since policyholders have the greatest incentive to enforce laws against risky insurance companies. Taxpayers should not have to pay to support an unnecessary government agency to better enforce laws that better enforce people with money.
Founded in 1985, Merlin Law Group is a leading insurance litigation law firm committed to helping policyholders obtain fair and just results from their insurance companies. Property insurance law is a highly complex and specialized area of law, and our firm represents policyholders when claims are denied, delayed or underpaid.
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