Consumer Law

Court Affirms $1M Bad Faith Judgment Against Geico

GEICO General Insurance Co. refused an offer to settle Michael Mazik’s underinsured motorist claim for $50,000. Instead, the claim will cost the insurer more than $1.3 million. 

On Friday, a panel of the California 2nd District Court of Appeal affirmed a decision by the Los Angeles County Superior Court to award Mazik $1 million in punitive damages for the bad faith breach of its insurance contract, plus compensatory damages and his legal costs on appeal.

Read the source article at Claims Journal

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