Florida International Indemnity Co. v. Osgood

Beasley, Judge.

When Leonard Osgood’s rental house burned, he sought to recover on the $25,000 fire insurance policy he had with Florida International Indemnity Company (“FIIC”). After receiving notice of the fire, FIIC investigated and decided not to pay on the ground that Osgood had misrepresented in his insurance application that he had previously suffered no fire losses. In fact he had had numerous fire losses at various properties, including several significant losses in the three years preceding his application. The insurance application and the policy provided that any material…