Advantageous Settlement for Excess Carrier in Insurance Bad Faith Case in the Middle District of Flo
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.