Companies will receive credit for any UPC policies that are taken prior to the approval of incentive program applications.

"For a verdict to be 10 times the policy limits, that is just completely unacceptable," said Pansini Law Group managing partner Michael Pansini.

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Parkland shooting victims and survivors were among the South Florida residents gathered Thursday in opposition to the proposed changes.

On the trial's third day, the plaintiff's lawyer made a discovery that 'flipped the case' and led the defendant to settle for 250% of its $1M policy.

"A plain reading of the policy provides that the parties intended to exclude coverage for COVID-19 related losses like the losses plaintiff allegedly suffered in the immediate case," the court said.

The insolvent Florida-based insurer has some 200,000 policies nationwide, including 30,000 policies in Louisiana.

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