Panel Says No Damages Exist To Support Bad Faith Claim Against Excess Insurer

Mealey's (October 14, 2021, 12:23 PM EDT) -- RICHMOND, Va. — The Fourth Circuit U.S. Court of Appeal on Oct. 13 affirmed a district court’s ruling that an insured and a condominium association cannot maintain a bad faith claim against an excess insurer that refused to defend or indemnify the insured for a $9 million construction defects settlement because the insured and the association failed to show that they suffered any consequential damages as a result of the excess insurer’s alleged bad faith conduct....