Florida Peninsula Insurance and Edison Insurance

The case involves alleged failure to pay interest on insurance claim settlements as required by Florida law.

This settlement addresses claims that Florida Peninsula Insurance and Edison Insurance failed to pay interest on certain property insurance claim settlements within the required timeframe. Eligible class members had policies between January 2016 and April 2022 and received claim settlements without proper interest payments.

• Consumers insured by Florida Peninsula or Edison Insurance between Jan. 4, 2016 and April 21, 2022.
• Those who made a claim settled with an executed release.
• The release did not specify or failed to meet payment deadlines for interest.
• No interest was paid in exchange for the release.