Daily Business Review: Insurance Settlement A Victory For Florida Homeowners
By Valorie S. Chavin | June 18, 2013
In a landmark class-action settlement reached recently in Romero v. Florida Peninsula Insurance, the Florida Homeowners’ insurance carrier has agreed to refund 50 percent of the deductible that it previously required its insureds to pay when Florida Peninsula invokes the “option to repair” provision in its insurance policies. The resolution represents a significant victory that will affect countless Florida homeowners.
