Florida Federal Court Holds Insurer Did Not Timely File Interpleader Under Section 624.155(6)

As part of Florida’s March 2023 tort and insurance reforms, the Florida legislature introduced a safe harbor for carriers to avoid bad faith liability in claims involving multiple third party claimants. The provision appears in Fla. Stat. 624.155(6) and states that if “two or more third-party claimants have competing claims arising out of a single occurrence, which in total may exceed the available policy limits,” an insurer is not liable in excess of the policy limits if, “within 90 days of…
By: Cozen O’Connor