Bad faith awards can cost insurance companies millions of dollars in addition to actual damages.
An appellate court in California has rejected an appeal by GEICO General Insurance Company from a judgment awarding $1 million in punitive damages for Geico's bad faith breach of an insurance contract.
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Steven A. Meyerowitz
Steven A. Meyerowitz, a Harvard Law School graduate, is the founder and president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. He may be contacted at [email protected].
