Hurricane Irma Powers More And More Insurance Claim Denial Lawsuits Against Insurers
Hurricane Irma Powers More And More Insurance Claim Denial Lawsuits Against Insurers Jun 21, 2018 According to recent reports, the top 20 property insurers in Florida were served with more than 10,000 lawsuits over hurricane Irma claim denials just between January and March, reflecting a more than 61 percent increase from last year. Universal Property & Casualty Co.—Florida’s largest insurer—noted that the company has received close to 80,000 Hurricane Irma-related claims, including many from Broward, Miami-Dade, and Palm Beach counties. In addition, Irma-related claims account for close to 60 percent of all new claim-related litigation filed against Citizens Property Insurance Co. (the second largest insurer in Florida). Inadequate Recovery Also Remains an Issue Not all of these claims involve outright denials; a good percentage also involve challenges to the companies’ decisions about the scope of damages, arguing that the amount paid to homeowners was inadequate. A good percentage also involved the determination that policyholders were owed nothing at all because the loss calculated did not surpass the policy deductible. Corruption within the National Flood Insurance Program? In late April, CBS News ran coverage of flood insurance claim denial and delay within the National Flood Insurance Program, which was established to help flood victims, and is run by the Federal Emergency Management Agency (FEMA). Insurance premiums and taxpayers fund the program with approximately $3 billion in funds each year. Reportedly, FEMA outsources most of their policies to private insurance companies known as “write-your-owns.” These private insurers are paid out of the same funds that are supposed to go to flood victims; in fact, in some years, two-thirds of that budget goes to the private insurance companies and the attorneys who represent these private insurers. Thus, in essence, homeowners are funding the attorneys who fight them in court. Fort Myers Florida Hurricane Insurance Claim Denial Attorneys The hurricane season is less than a month away. It is a tragedy for homeowners to pay into hurricane insurance for years, only to be denied assistance when they really need it, post-Hurricane Irma. New insurance-loss estimates from Hurricane Irma surpass $7 billion, even as more and more claims continue to be filed. The vast majority of these involve residential property in southern parts of the state, and more than 30 percent of them were closed without any payment whatsoever. If your home suffered a loss due to the hurricane, contact our experienced Florida hurricane insurance attorneys at HD Law Partners to obtain our assistance with filing a claim or challenging a denial or inadequate amount of recovery for your loss. Resources: http://www.sun-sentinel.com/business/fl-bz-hurricane-irma-suits-on-rise-against-insurers-20180502-story.html https://www.orlandoweekly.com/Blogs/archives/2018/04/11/hurricane-irma-insurance-losses-in-florida-pegged-at-nearly-74-billion https://www.cbsnews.com/news/national-flood-insurance-program-meant-to-help-victims-spends-millions-fighting-claims Tags: Florida Homeowners Insurance Attorney, Florida Homeowners Insurance Attorneys, Florida Hurricane Claim Attorney Posted in Homeowners Insurance, Hurricane Claims, Hurricane Insurance | No Comments » Connect with us Archives May 2026 April 2026 March 2026 February 2026 January 2026 December 2025 November 2025 October 2025 September 2025 July 2025 June 2025 January 2025 January 2024 December 2023 November 2023 October 2023 September 2023 August 2023 July 2023 June 2023 May 2023 April 2023 March 2023 February 2023 January 2023 December 2022 November 2022 October 2022 September 2022 August 2022 July 2022 May 2022 April 2022 March 2022 November 2021 October 2021 September 2021 August 2021 July 2021 May 2021 April 2021 March 2021 February 2021 January 2021 December 2020 November 2020 October 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 September 2017 August 2017 July 2017 June 2017 May 2017 April 2017 March 2017 February 2017 January 2017 December 2016 November 2016 October 2016 November 13 Categories Alimony Appellate Arbitration Auto Accidents Auto Insurance Business Corporate Business Insurance Law Child Custody Child Support Criminal Law Divorce Family Law FEMA Insurance Payments Florida’s Mandatory 2‑Hour Legal Professionalism CLE: Foreclosure Defense Fort Myers Hurricane Insurance Attorney General Guardianship HD Law Partners Service HOA/Property Management Homeowners Association Homeowners Insurance Hurricane Claims Hurricane Insurance Insurance Bad Faith Insurance Claims Insurance Defense Insurance Litigation Landlord Tenant Law Enforcement Liability Loan Modifications Mold Water Damage Parental Rights Paternity Personal Injury Premises Liability Law Prenuptial Agreements Private Security Property Distribution Property Owner Law Sarasota Insurance Litigation Attorney Slip Fall Tampa Business and Corporate Attorneys tampa family attorney Tampa Insurance Attorneys Timeshare Timesharing Uncategorized HD Law Partners is proud to be your trusted full-service law firm Quick Links Property & Casualty Business & Corporate Litigation Family Law Contact Us Careers Get In Touch 2002 North Lois Avenue Suite 510 Tampa, FL 33607 813-253-5333 Contact Us