We are talking about a Florida Supreme Court decision about Citizens Property Insurance Corp. and its duty to its policyholders. Unlike private insurance companies that act in their own interests and not in the interests of their policyholders, Citizens cannot be sued for bad faith.
The Florida Supreme Court handed down a ruling on May 14, 2015, that has shaken up the state’s insurance industry. The court has found that state law bars policyholders from suing Citizens Property Insurance Corp. for bad faith.
It may not be noted in your Outlook calendar, but May is Disability Insurance Awareness Month. Not exactly a Hallmark occasion, the program was sponsored by Life Happens, a nonprofit organization of insurance industry professionals that, according to its website, strives “to inspire the public to take personal financial responsibility through the ownership of life insurance and related products.”
In April, various meteorological organizations started to release their analyses and predictions of the 2015 Atlantic hurricane season. As every Florida resident knows, the season runs from June to November. For the most part.
