6 Fla. L. Weekly Supp. 640a
Attorney’s fees — Insurance — Motion for attorney’s fees and costs arising from underlying insurance dispute in which insured’s claim for property damage to her truck was denied, insurer completely denied coverage under insured’s policy, and insurer voided policy based upon position that insured had made material misrepresentations on her application for insurance — Hours spent by attorney were reasonable and necessary — Time spent was devoted to legal research, drafting of pleadings, keeping client informed of proceedings, and pursuing settlement discussions with insurer — Testimony of insurer’s expert witnesses that less time should have been spent is not persuasive — Fees for litigating entitlement to attorney’s fees — While it appeared that defense agreed that it owed a fee, there were issues of entitlement as to prejudgment interest, multiplier, attorney’s fees after entry of judgment, and market rate — Half of hours spent after plaintiff obtained settlement, including half of hours spent at hearing, will be allowed as litigation over entitlement to attorneys fees for purely legal issues — Allowing an enhanced fee by use of multiplier is a benefit to insured/client — Litigation concerning amount of hours is not compensable — Novelty, complexity and required skill — Case involved somewhat novel legal issues, and time spent by plaintiff’s counsel on legal research was not excessive — Market rate for fees in community — Plaintiff has requested hourly rate which falls within range of hourly fees charged in community by lawyers of reasonable comparable skill, experience and reputation performing similar services as those performed by plaintiff’s counsel — While amount involved was small, amount was substantial to plaintiff who was involved in year long dispute over damaged truck that was vital to her business and had to experience having her claims denied by her insurance company — Results obtained, including vindication that insurance company was wrong and settlement, were excellent — Contingent risk multiplier — Application of contingency risk multiplier to lodestar is within sound discretion of court and is appropriate — Plaintiff was not obligated to pay any fee absent a court award, and it would have been difficult if not impossible for plaintiff to get proper legal representation on facts of case without use of contingency contract and possibility of fee multipliers — Attorneys of skill and reputation similar to plaintiff’s counsel are not eager to pursue and will not accept contested insurance cases with voided policies and go to trial without possibility of multiplier — Contingency risk multiplier is appropriate where success at outset was unlikely — Fact that insurer chose to settle after suit cannot now support position that risk to plaintiff was not great at outset — Expert witness fees — Plaintiff entitled to expert witness fee where expert witness expected to be paid for his time in preparing and testifying in fee hearing — Prejudgment interest — Plaintiff entitled to prejudgment interest on attorney’s fees and costs from date of resolution of case — Prejudgment interest on attorney’s fees and costs shall accrue at rate of 10% from date on which coverage was resolved by entry of judgment and date plaintiff obtained settlement — Attorney’s fees and interest will be awarded in merged total with post-judgment interest then accruing on merged total