Miami Beach, FL, USA – June 24, 2021: news media covering the collapse of Champlain Towers in Surfside leaving dozens injured as rescue teams search for survivors. Surfside: The Historic Settlement and the Legislative Response
The state's legislative response presents an interesting case study on government efforts to curb the impact of bad faith laws as a result of lessons learned from this tragedy.
May 22, 2023 at 10:10 AM
7 minute read
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Within one year of the infamous Surfside collapse, insurers agreed to pay more than $1 billion to settle bodily injury and property damage losses. Florida thereafter enacted a tidal wave of insurance regulations, supposedly to avoid due process concerns in any future catastrophe. The state's legislative response presents an interesting case study on government efforts to curb the impact of bad faith laws as a result of lessons learned from this tragedy.
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