Advantageous Settlement for Excess Carrier in Insurance Bad Faith Case in the Middle District of Florida
December 11, 2014
Best Evidence conducted two Roundtable research groups for an excess carrier in a bad faith case in the Middle District of Florida. Underlying plaintiff was catastrophically injured in a traffic accident involving a commercial truck covered by two insurance policies; one of which was written by the defendant in this bad faith lawsuit. Plaintiff alleged the excess carrier failed to settle the underlying lawsuit at a time when she was willing to accept all available policy limits. Furthermore, it was alleged that the defendant’s failure to settle the case in a timely manner prevented her from receiving time-sensitive brain therapy and caused her to require 24/7 medical care for the rest of her life. The plaintiff was seeking $65 million in damages. The case was settled favorably after completion of the jury research.
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