Advantageous Settlement for an Excess Carrier in an Insurance Bad Faith Case in Miami-Dade County, Florida
December 11, 2014
Best Evidence conducted one Mock Trial for an excess carrier in a bad faith case in Miami-Dade County, Florida. This dispute arose from a gruesome traffic accident where a tanker truck filled with gasoline flipped over onto another vehicle killing its four occupants. The estates of the deceased each hired their own attorneys (notably some of the country’s most highly acclaimed plaintiff attorneys). The defendant insurance company attempted to resolve all four wrongful death claims by means of a global settlement, albeit without success. The plaintiffs in the underlying lawsuit refused to mediate unless the insurance company made available sums in excess of its policy limits, asserting that the insurance company was already in bad faith. The insurance company was ultimately only able to settle two of the four wrongful death claims. The remaining two claims were tried to verdict resulting in nearly $27 million in judgments against the plaintiff. The plaintiff sought to recover a total of $56 million in damages that included the aforementioned judgments, interest, litigation costs, and lost profits. The case was favorably settled shortly after the mock trial.
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