Florida Politics - Campaigns & Elections. Lobbying & Government.

Michael MolineOctober 20, 2016

State law limits a homeowner’s rights under a sinkhole policy once the insurer becomes insolvent and the claim goes to the Florida Insurance Guaranty Association, the Florida Supreme Court ruled Thursday. It doesn’t matter if the policy was issued before a statute constraining the association’s obligation took effect, Justice Charles Canady wrote for a unanimous […]

Michael MolineSeptember 30, 2016

A policyholder forced to file suit to get her insurer to repair sinkhole damage is entitled to recover her litigation costs from the company, the Florida Supreme Court has ruled. The Omega Insurance Co. paid more than $200,000 for the repairs only after homeowner Kathy Johnson hired counsel to press a legal claim. The company finally […]

Phil AmmannFebruary 9, 2016

A Senate committee Tuesday unanimously approved a bill enabling insurance companies to sell standalone sinkhole policies for damages falling short of catastrophic loss, reports LobbyTools. The bill “would allow people to go out on the market and buy sinkhole coverage, standalone, not tied to their homeowner’s insurance,” said Sen. Jack Latvala, sponsor of Senate Bill […]

Tag: Sinkhole insurance

Supreme Court: Policyholders’ rights restricted after insurer goes broke

Insurer that denied sinkhole claim must pay policyholder’s attorney fees

Senate panel unanimously OKs standalone sinkhole insurance bill