Fla. Justices Close Extra Damages Avenue For Policyholders
Law360 (January 22, 2021, 9:35 PM EST) -- Florida's highest court has shut down a route for policyholders embroiled in property insurance disputes to recover amounts exceeding their policy limits, ruling Thursday in a case involving state-backed Citizens Insurance Corp. that such "consequential damages" can only be sought in actions alleging bad faith and not mere breach of contract suits.
The Florida Supreme Court's unanimous opinion quashed an intermediate state appeals panel's 2019 ruling allowing a trio of apartment building owners to pursue lost rent from Citizens Insurance Corp. based on the insurer's alleged breach of policy obligations to properly adjust and pay their claim for damage due to Hurricane...
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!