Reuters: Bad-faith lawsuit against GEICO revived on appeal to 11th Circuit
Reuters.com reports on the revival of a lawsuit accusing GEICO of bad-faith settlement practices. The lawsuit alleges that GEICO left its insureds liable for $5 million in damages, well beyond their $100,000 policy limit.
A key quote: “From day 1, GEICO has only been looking out for GEICO – not for its insureds, and certainly not for Ms. Bennett,” Brent Steinberg of Swope Rodante said. “We are pleased that a jury will now get to decide whether GEICO was guilty of bad faith failure to settle.”
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