Judge Says Bad Faith Claim Fails; $44M Verdict Entered For Insured’s Equipment Loss

Mealey's (August 16, 2022, 9:42 AM EDT) -- LOS ANGELES — Following a California federal judge’s July 1 summary judgment ruling in favor of a commercial property insurer on an insured’s bad faith claim in an equipment breakdown coverage dispute, a jury on July 29 entered a more than $44 million verdict in favor of the insured after finding that the insurer breached its duty to pay the insured’s claim....

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