Insurer Hit With $500M Bad Faith Claim Over Hurricane

Law360, New York (November 24, 2009, 5:18 PM EST) -- After winning a $25 million judgment against QBE Insurance Corp. over losses caused by a hurricane, a Florida condominium association has sued the insurer again, this time for $500 million in damages because the insurance company allegedly has refused to pay the earlier award.

The suit, filed Tuesday in the Miami-Dade County Circuit Court, accuses QBE and its managing general agent, Florida Intracoastal Underwriters Limited Co., a wholly owned subsidiary of Brown & Brown Inc., of bad faith and deception in their handling of hurricane claims...
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