- 06
- February
2012
Like USAA and others, Tower Hill took an aggressive, poorly planned strategy in evaluating its claims after last years overhaul of most sinkhole insurance laws. While Senate Bill 408 was signed into law on May 17, 2011, Tower Hill Select denied dozens (if not hundreds) of sinkhole claims, as it attempted to "retroactively" deny insurance benefits. Under established constitutional principles, no party to a contract can seek to force new terms and conditions after the contract (here, that's the policy) commenced.