Bad Faith Liability for Failure to Settle Requires a Finding that the Insurer Acted Unreasonably | Haight Brown & Bonesteel LLP
To embed, copy and paste the code into your website or blog: In a unanimous opinion which will impact the plaintiff bar’s strategies for “setting up” liability insurers for “failure to settle” bad faith claims, a California appeals court held in Pinto v. Farmers Ins. Exchange (No. B295742, filed 3/8/21) that a bad faith failure to settle claim requires a finding that the insurer acted unreasonably in some respect. Because the jury verdicts proposed by the plaintiff did not require the jury to make such a finding, the $10 million judgment against the insurer was reversed and judgme...
Source: jdsupra.com