Georgia Insurance Carrier Refuses to Pay $22 Million Verdict A High-Stakes Collision That’s Far From Over Imagine you’re sitting on a hefty $22 million verdict awarded by a jury. Now imagine the insurer responsible for covering that claim refuses to pay more than their policy limit of $1 million. Welcome to the legal aftermath of a 2021 collision in DeKalb County, Georgia, where a truck accident left the jury awarding the multimillion-dollar judgment. Yet, the insurer, Knight Specialty Insurance Co., has drawn a line, capping their liability at the policy…
Read MoreTag: bad faith claims
Safeco, Liberty Mutual, and the Lawsuit Challenging Insurer Accountability
Safeco and Liberty Mutual Hail Damage Lawsuit Highlights Industry Challenges Hailstorms might last minutes, but their implications can drag on for years, especially when insurance claims come under scrutiny. A high-profile lawsuit in Oklahoma has brought Safeco and Liberty Mutual into the spotlight, raising questions about both policyholders’ rights and insurers’ responsibilities. While allegations of bad faith claims and branding confusion have fueled the debate, it’s worth examining the perspectives of all parties involved to uncover the complexities of this case. The Lawsuit Breakdown Ralph and Myrna Lightfoot of Oklahoma…
Read More