Florida’s Citizens Property Insurance Agrees with Thompson Trial Group to Settle 300 Sinkhole Cases
Sinkhole cases are that much closer to being done in Florida. Read this article to get the details on Citizens’s recent settlement with Thompson Trial Group.
According to a press release today, Florida’s Citizens Property Insurance Corporation reached an agreement to resolve 300 litigated sinkhole homeowners insurance cases with Thompson Trial Group. The press release contains the relevant information, including the terms of the coverage and repairs, as well as the agreed payments to Thompson Trial Group:
This follows a March, 2014 settlement of another 300 sinkhole cases I discussed here.
Florida is now one step closer to closing the door on the billions of dollars in losses for sinkhole claims over the past decade (or more); however, hundreds, and maybe thousands, of sinkhole claims remain pending in litigation. As always, I will update you when the next mass settlement occurs.
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