Best Practices
Are insurers prepared for the COVID-19-related litigation avalanche?
The legal and insurance industries share a unique relationship - one that works for and, at times, against each other. This collection of articles addresses key and emerging issues overlapping the law and insurance sectors.
It is “fundamentally unfair” to hold Geico responsible for a massive default judgment handed down in a case it didn’t even know about, which was then allowed to be the damages benchmark for a subsequent trial finding it acted in bad faith, lawyers for the insurer told an appellate panel on Dec. 12, 2019.
Arguing for the insurer, Smith Gambrell & Russell partner Edward Wasmuth Jr. told the Eleventh Circuit Court of Appeals that the insurer should not be on the hook for the lion’s share of a more than $2.9 million default judgment against a driver who hit a bicyclist — a judgment later affirmed against the carrier by a federal jury.
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