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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Greg Land
Greg Land covers topics including verdicts and settlements and insurance-related litigation for the Daily Report in Atlanta.
