Class action brought against Arch Specialty Insurance over Florida deductibles

A class action complaint has been filed in Florida against a subsidiary of Bermuda-based Arch Capital Group Ltd. on behalf of all insureds who filed claims for hurricane damages and had deductibles and penalties reduced from their payments.Plaintiff PHLD Partnership, which owns property in Florida, claims that all property insurance policies issued by Nebraska-domiciled Arch Specialty Insurance Company in Florida fail to comply with the law and, therefore, should be declared void.