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Geico's lawyer pushed back against the default judgment, arguing that the insurer had no knowledge of the case.
The lawyer was accused of hijacking a $3.1 million settlement meant for a policyholder, from which more than $500K was siphoned before the scam unfolded.
A recent slew of multimillion-dollar "nuclear verdicts" has raised a red flag among the defense bar.
The Hartford asked a federal judge to declare that it has no duty to defend a civil suit brought by a mother and young victim.
Multidistrict litigation accused State Farm and other insurers of conspiring to drive down prices they pay for repairs.
Although there are three layers of insurance coverage, 'there's still not enough to cover $140 million.'
A plaintiff's actuary has said the case could expose American Family to as much as $1 billion in liability.
People injured when a driver suffered a stroke and crashed were not covered because the vehicle was used for hire.
Major increases in homeowner, automobile and most other types of insurance disputes filed in federal court.
The decision turned on whether the court had the jurisdiction to hold a group of foreign-based reinsurers liable for a $26 million arbitration award.
{ "author": { "name": "Greg Land", "webUrl": "/author/profile/greg-land/", "description": "", "imageLarge": "https://secure.gravatar.com/avatar/f16d6fc2845f417ea0e93a3f2b6cd37d?s=136&d=mm&r=g", "estimate": 40, "social": [], "articles": [ { "uri": "/2019/12/17/fundamentally-unfair-geico-challenges-2-1m-judgment-in-suit-it-didnt-know-about-414-168820/", "title": "Geico challenges 'fundamentally unfair' $2.1M judgment", "byline": "Greg Land", "kicker": "Case Study", "prettyDate": "December 17, 2019", "timeToRead": "7 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/12/Legal-gavel-Shutterstock.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/greg-land/", "name": "Greg Land" } ], "kickerNode": [ { "uri": "/case-study/", "sectionName": "Case Study" } ], "summary": "Geico's lawyer pushed back against the default judgment, arguing that the insurer had no knowledge of the case.", "body": null }, { "uri": "/2019/10/30/insurer-settles-lawsuit-accusing-lawyer-of-scheming-with-fraudsters-to-steal-500k-414-166108/", "title": "Insurer settles lawsuit accusing lawyer of scheming to steal $500K", "byline": "Greg Land", "kicker": "", "prettyDate": "October 30, 2019", "timeToRead": "5 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/10/Insurance_Policy-Article-201910231842.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/greg-land/", "name": "Greg Land" } ], "kickerNode": [], "summary": "The lawyer was accused of hijacking a $3.1 million settlement meant for a policyholder, from which more than $500K was siphoned before the scam unfolded.", "body": null }, { "uri": "/2019/10/09/fretting-over-high-dollar-verdicts-senate-panel-ponders-legislative-fixes-414-164740/", "title": "Fretting over high-dollar verdicts, Senate panel ponders legislative fixes", "byline": "Greg Land", "kicker": "Market Insights", "prettyDate": "October 09, 2019", "timeToRead": "8 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/10/DR-ADR-Barwick-Display-Art-Article-201910041846-1.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/greg-land/", "name": "Greg Land" } ], "kickerNode": [ { "uri": "/market-insights/", "sectionName": "Market Insights" } ], "summary": "A recent slew of multimillion-dollar \"nuclear verdicts\" has raised a red flag among the defense bar.", "body": null }, { "uri": "/2019/07/23/insurer-wants-no-part-of-civil-suit-against-imprisoned-child-molester-414-159641/", "title": "Insurer shuns civil suit against imprisoned child molester", "byline": "Greg Land", "kicker": "News", "prettyDate": "July 23, 2019", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/07/shutterstock_334984976-Article-201809121752.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/greg-land/", "name": "Greg Land" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The Hartford asked a federal judge to declare that it has no duty to defend a civil suit brought by a mother and young victim.", "body": null }, { "uri": "/2019/03/07/11th-circuit-junks-body-shops-antitrust-claims-against-state-farm-other-carriers-414-150641/", "title": "Court junks body shops' antitrust claims against State Farm, other carriers", "byline": "Greg Land", "kicker": "News", "prettyDate": "March 07, 2019", "timeToRead": "8 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/03/State-Farm-Article-201903051823.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/greg-land/", "name": "Greg Land" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Multidistrict litigation accused State Farm and other insurers of conspiring to drive down prices they pay for repairs.", "body": null }, { "uri": "/2019/03/01/med-mal-settlement-awards-140m-to-255-patients-of-doctor-convicted-of-fraud-414-149505/", "title": "Medical malpractice settlement awards $140M to 255 patients of doctor convicted of fraud", "byline": "Greg Land", "kicker": "News", "prettyDate": "March 01, 2019", "timeToRead": "6 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/02/Stethoscope-Medmal-Article-201803291919.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/greg-land/", "name": "Greg Land" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "Although there are three layers of insurance coverage, 'there's still not enough to cover $140 million.'", "body": null }, { "uri": "/2019/02/05/split-6th-circuit-panel-says-american-family-insurance-agents-arent-employees-414-148125/", "title": "6th Circuit says American Family Insurance agents aren't employees", "byline": "Greg Land", "kicker": "News", "prettyDate": "February 05, 2019", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2019/02/american-family-logo616.jpg", "width": "616", "height": "372" }, "authors": [ { "webUrl": "/author/profile/greg-land/", "name": "Greg Land" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "A plaintiff's actuary has said the case could expose American Family to as much as $1 billion in liability.", "body": null }, { "uri": "/2018/12/14/allstate-says-no-coverage-for-driver-using-personal-car-for-medical-transportation-firm-414-144471/", "title": "Allstate says no coverage for driver using personal car for medical transportation firm", "byline": "Greg Land", "kicker": "Case Study", "prettyDate": "December 14, 2018", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/12/Allstate-Corp-Article-201812121849.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/greg-land/", "name": "Greg Land" } ], "kickerNode": [ { "uri": "/case-study/", "sectionName": "Case Study" } ], "summary": "People injured when a driver suffered a stroke and crashed were not covered because the vehicle was used for hire.", "body": null }, { "uri": "/2018/10/12/insurance-litigation-balloons-in-insurer-friendly-federal-courts-report-finds-414-139755/", "title": "Insurance litigation balloons in insurer-friendly federal courts, report finds", "byline": "Greg Land", "kicker": "Research", "prettyDate": "October 12, 2018", "timeToRead": "5 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/10/Wilmington-Florence-Hurricane-Damage-Article-201810111955.jpg", "width": "620", "height": "372" }, "authors": [ { "webUrl": "/author/profile/greg-land/", "name": "Greg Land" } ], "kickerNode": [ { "uri": "/research/", "sectionName": "Research" } ], "summary": "Major increases in homeowner, automobile and most other types of insurance disputes filed in federal court.", "body": null }, { "uri": "/2018/08/13/judge-reinsurers-not-liable-for-26m-judgment-for-failed-loan-linked-to-glacial-energy-collapse-414-134711/", "title": "Reinsurers not liable for $26M judgment for failed loan", "byline": "Greg Land", "kicker": "News", "prettyDate": "August 13, 2018", "timeToRead": "4 minute", "image": { "uri": "https://images.propertycasualty360.com/contrib/content/uploads/sites/414/2018/08/close-up-of-gavel-on-us-currency-ss-zimmytws-738x4-crop-600x338.jpg", "width": "600", "height": "338" }, "authors": [ { "webUrl": "/author/profile/greg-land/", "name": "Greg Land" } ], "kickerNode": [ { "uri": "/news/", "sectionName": "News" } ], "summary": "The decision turned on whether the court had the jurisdiction to hold a group of foreign-based reinsurers liable for a $26 million arbitration award.", "body": null } ] } }
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