‘Bigger than a hurricane’: Florida insurer to pay $50M to hurricane victims
The insurer of a Florida man who died after his home was flooded has agreed to pay more than $50 million to a family who was killed in the storm.
The settlement, reached Thursday, also includes $1 million for loss of life, $10 million to victims of the storm and $10.5 million to the Florida Department of Children and Families, which is overseeing the hurricane recovery efforts.
“This is a great day for the people of Florida, for our state and for our country,” Gov.
Rick Scott said in a statement.
The insurance company, LLLC, is a member of a group of more than 400 Florida insurers that agreed to compensate hurricane victims in the aftermath of Hurricane Irma.
The storm brought catastrophic flooding and heavy rains to parts of the state, and forced the closure of more and more schools in the wake of a record rainfall.
Some schools were also closed due to power outages.
The state also sued LLLA in a separate civil lawsuit, but those cases were dismissed in February.
LLLB, the insurer that paid for Scott’s funeral and burial, said in its settlement agreement that it would pay $150 million for losses of life and property.
It said that as part of the settlement, it would also pay $250 million for a storm-related medical expense.
LllC has said it will provide $100 million to FEMA for the Hurricane Harvey recovery.