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

11th Circuit upholds $2.9M bad faith verdict against Geico

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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.

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