Home

Instant Insights / Bad faith liability

Bad-faith litigation has long been a contentious — and big-dollar — issue for insurers.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Judge's gavel Geico’s refusal to negotiate multiple settlement offers exposed its own insureds to potential “financial ruin,” the complaint said. (Photo: Bigstock)

The Eleventh Circuit Court of Appeals upheld a trial court in ruling that Geico General Insurance was not entitled to a new trial after a Florida jury found it engaged in bad faith, leaving the insurer on the hook for a $2.9 million judgment.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.