Fla. High Court Should Hold Insurer Liable In Damages Row
Law360 (September 15, 2020, 4:42 PM EDT) -- Citizens Property Insurance Corporation, the Florida state-sponsored insurer of last resort, is statutorily immune to bad faith claims. However, the Florida Supreme Court will soon decide in Citizens Property Insurance Corp. v. Manor House LLC whether Citizens can be held responsible for consequential damages that flow from a breach of the contract of insurance.
Manor House operates an apartment complex. The apartment complex was severely damaged by Hurricane Frances in 2004. Citizens underpaid the claim, which was ultimately resolved in appraisal. The appraisal resulted in an additional payment to Manor House of $5.5 million.
However, due to the length of time it...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!