Panel Applied Wrong Bad Faith Standard; Rehearing Necessary, Insurer Argues

Mealey's (March 24, 2016, 2:45 PM EDT) -- ATLANTA — An insurer asked the 11th Circuit U.S. Court of Appeals to grant the insurer’s petition for rehearing in an insurance bad faith lawsuit on March 21, arguing that a panel applied the “wrong standard for bad faith” in issuing its ruling (Atlantic Specialty Insurance Co. v. Mr. Charlie Adventures LLC, et al., No. 15-12657, 11th Cir.).

(Petition for rehearing available. Document #07-160328-048B.)

Mr. Charlie Adventures LLC and Kim P. Kornegay purchased insurance on a 40-foot yacht, the “Mr. Charlie,” from Atlantic Specialty Insurance Co.,...
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