settlement offer News

Plaintiff Given 2nd Chance at $12M Award After Insurer Ignores $10K Settlement Offer

A Florida accident victim gets a second chance to compel an auto insurer to pay a $12.7 million judgment as a consequence of failing to respond to a $10,000 settlement offer, under a decision Tuesday by a federal appellate court. …

Kansas Court: Insurer had No Duty to Pay Policy Limit Before Demand Was Made

A claims adjuster’s sub-standard investigation of a potential fatal accident claim does not warrant a multi-million award of damages against an insurer that issued a policy with a $25,000 limit, the Kansas Court of Appeals ruled. An appellate panel on …

Washington Seeks Over $38 Billion From Opioid Distributors

SEATTLE (AP) — Having rejected a half-billion-dollar settlement offer, Washington Attorney General Bob Ferguson is taking the state’s case against the nation’s three biggest drug distributors to trial Monday, saying they must be held accountable for their role in the …

Gun Maker Offers $33M to Settle Suit by Sandy Hook Families

HARTFORD, Conn. (AP) — The maker of the rifle used in the Sandy Hook Elementary School shooting has offered some of the victims’ families nearly $33 million to settle their lawsuit over how the company marketed the firearm to the …

Colo. Supreme Ct. Ruling Expands Use of Side Agreements by Policyholders

An insurer cannot intervene in a construction defects case where the insured had assigned its rights to collect under its policy to the plaintiff, a divided Colorado Supreme Court ruled. The 4-3 decision gives policyholders a method of protecting themselves …

After Refusing $30K Settlement Offer, Bad Faith Suit May Cost GEICO $2.7M

More than eight years after Bonnie Winslett tore up and threw away a summons that notified her she was being sued, the Georgia Supreme Court is being asked to resolve questions of law that will determine whether GEICO Indemnity Co. …

Oregon Latest State to Eye Abuses with Photo Estimates for Auto Claims

Oregon state regulators say insurance carriers are too often using photo estimates as a means of making low-ball settlement offers to policyholders without a thorough investigation. Insurance Commissioner Andrew Stolfi on Oct. 21 released a proposed draft of a bulletin …

Citizens Board Offers $103M to Settle Lawsuit

Louisiana’s property insurer of last resort is offering nearly $103 million to settle disputes over its handling of claims after hurricanes Katrina and Rita more than six years ago. The governing board of the Louisiana Citizens Property Insurance Corp. agreed …