Tag Archives: thompson sinkhole law firm

Citizens Offers to Settle Another 600 Sinkhole Cases with Marshall Thomas Burnett

Florida Homeowners Insurance Claims and Litigation Handbook

Overview:

Citizens made an offer to 600 of Marshall Thomas Burnett’s clients to resolve pending sinkhole lawsuits.  This follows the 300 offers to Thompson Trial Group’s clients, and the 300 with Boyette, Cummins & Nailos.



In the press release included below, you can see the process of how the proposed settlement will play out for the homeowners; however, the terms of the proposed settlement for attorney’s fees were not included in the release:

Download (PDF, 79KB)

In this article regarding the first of these group settlements, I outlined my analysis on why these settlements make perfect sense for everyone, especially Citizens.  By taking a top-down approach to these claims, Citizens was able to substantially reduce exposure while still giving the homeowners everything they needed.

The only question is “how to we get to these results one month after the lawsuit is filed, instead of after years of litigation?” As you know, my opinion is that software could have yielded the same results at a fraction of the costs.

In the press release, Citizens also stated it has approximately 2,000 sinkhole cases remaining.  As always, we will keep you updated.

Takeaway:

The billion dollar sinkhole claim industry keeps inching towards extinction.


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Florida’s Citizens Property Insurance Agrees with Thompson Trial Group to Settle 300 Sinkhole Cases

Citizens Property Insurance Corporation

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:

Download (PDF, 81KB)

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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