Bad-Faith Payouts Are Penalties, Not Insurance Benefits, Florida Supreme Court Says

Published on November 3, 2023 • Insurance Journal

The Supreme Court said insurer payouts in bad-faith actions resemble penalties more than insurance “benefits” and cannot be treated as a collateral source under Section 768.76(1). That is the statute that allows insurance benefits to be reduced to prevent “double recovery” by claimants.

Posted on Nov 6, 2023

By Jim Sams


Insurance Journal