Olympus Insurance: who you’re dealing with.

We read 1,891 Civil Remedy Notices filed against Florida property insurers over denied claims. 20 of them name Olympus Insurance (NAIC 12954). 1 were later withdrawn or recorded as resolved, which is what the record looks like when a carrier fixes the problem inside the 60-day window.

Specifically, the Insured, with assistance from their public adjuster, submitted an estimate for $145,109.57, which was a fair and reasonable assessment for the repair/replacement of damages. J&S Restoration has an outstanding balance in the amount of $3,104.86 for their mitigation services. Carrier can cure the defects outlined in this Civil Remedy Notice and avoid a lawsuit for bad faith by immediately accepting full coverage under the subject insurance policy for this claim and by paying Insured's estimate of damages $145,109.57, and J&S Restoration in the amount of $3,104.86, less applicable deductible, which is the reasonable amount of the covered loss pursuant to the policy.

Despite Insurer's Contractor admitting that the damage at the subject property was a result of their actions, Insurer has refused and/or failed to complete the repairs necessary to return the Property to its pre-loss condition. Insurer acknowledged the loss, assigned a claim number, inspected the property, accepted coverage for the loss, invoked the repair option, selected Insurer's Contractor, who further damaged the property, and, now, Insurer refuses to restore the Property to its pre-loss condition. To cure the defects outlined in this civil remedy notice, the Insurer must (1) immediately, and under no circumstances no later than sixty days from the date of this civil remedy notice, tender all insurance monies due and owing to the Insured under the Policy, specifically $448,176.06 pursuant to the public adjuster's repair estimate, less applicable deductible; (2) ensure that payment m

Counts are filings naming the insurer, matched on NAIC code. They follow book size as much as behaviour: a carrier with more Florida policies collects more filings. Each is an allegation by a policyholder, not a finding.