Insurance
Mar. 27, 2017
LA jury sticks Ameriprise with $1 million in punitive damages for insurance bad faith
A Los Angeles jury awarded a Torrance homeowner $1.3 million in damages Thursday and found insurance giant Ameriprise Financial Inc. liable for insurance bad faith after refusing to completely repair a house burglarized and flooded by thieves.
Daily Journal Staff Writer
A Los Angeles jury awarded a Torrance homeowner $1.3 million in damages Thursday and found insurance giant Ameriprise Financial Inc. liable for insurance bad faith after refusing to completely repair a house burglarized and flooded by thieves.
In September 2013, intruders broke into Steven Lopez's home and stole a significant amount of personal property. The burglars the...
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