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GEICO Must Pay $2.7M After Failing to Accept $30K Offer: Georgia Supreme Court


GEICO Must Pay $2.7M After Failing to Accept $30K Offer: Georgia Supreme Court
GEICO Indemnity Co.’s refusal to settle a bodily injury claim for $30,000 will cost it more than $2.7 million, under a ruling last week by the Georgia Supreme Court.
The high court’s 7-0 decision answered three certified questions posed to it by a federal appellate court, effectively finding that GEICO is liable for bad faith under Georgia insurance law. The ruling clears the way for the 11th Circuit Court of Appeals to order GEICO to pay a jury award in favor of an injured bicyclist.
In February 2012, Bonnie Winslett struck Terry Guthrie’s bicycle while driving her friend Karen Griffis’ Ford Explorer to a store, causing back and neck injuries. GEICO insured Griffis’ vehicle. The insurer wrote a letter to Winslett stating that she was insured by the policy and that GEICO was responsible for the accident, but didn’t give her any other instructions. ....

United States , Muscogee County , Topicsgeorgiaberkshire Hathaway , Terry Guthrie , Karen Griffi Ford , Fife Whiteside , Bonnie Winslett , Supreme Court , Muscogee County Superior Court , Georgia Supreme Court , Circuit Court , Us District Court , Geico Indemnity Co , Georgia Supreme , Karen Griffi Ford Explorer , ஒன்றுபட்டது மாநிலங்களில் , முஸ்கோகீ கவுண்டி , டெர்ரி குத்ரி , ஃபைஃப் வெள்ளைப்பக்கம் , உச்ச நீதிமன்றம் , முஸ்கோகீ கவுண்டி உயர்ந்தது நீதிமன்றம் , ஜார்ஜியா உச்ச நீதிமன்றம் , சுற்று நீதிமன்றம் , எங்களுக்கு மாவட்டம் நீதிமன்றம் , கேகோ இழப்பெதிர்காப்புப் இணை , ஜார்ஜியா உச்ச ,