Home arrow Important Decisions arrow January 2010 verdict for $1,917,091.00 in favor of Larry Thompson and Robert Smith Sunday, 05 September 2010
January 2010 verdict for $1,917,091.00 in favor of Larry Thompson and Robert Smith PDF Print E-mail
January 2010 verdict for $1,917,091.00 in favor of Larry Thompson and Robert Smith’s commercial client in a breach of contract and insurance code case against a surplus lines carrier for failing to honor an insurance claim after a theft loss.  The jury awarded additional damages for knowing violations against the insurance company, its management company, and its independent adjuster, and also found the company unreasonably delayed such that 18% statutory interest applies in addition to prejudgment interest.