Insurance
Nov. 8, 2016
Plaintiff, once awarded $19M, gets $475K in bad-faith insurance case
The 2nd District Court of Appeal awarded a man $475,000 in punitive damages against defendant Stonebridge Life Insurance Co. in a bad-faith insurance case on remand from the state Supreme Court.
Daily Journal Staff Writer
The 2nd District Court of Appeal awarded a man $475,000 in punitive damages against defendant Stonebridge Life Insurance Co. in a bad-faith insurance case on remand from the state Supreme Court.
The revised award is a drastic drop from the $19 million a Los Angeles County jury originally awarded to military veteran Thomas Nickerson after finding Stonebridge, a Transamerica ...
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