$2.2 Million Settlement of an Insurer’s Bad-Faith Denial of Insurance Obligations
On behalf of an insured – a prominent sales executive of a Fortune 500 company – we brought suit in federal court against a disability insurer for refusing in bad faith to honor a disability insurance contract. The insurer’s original offer was to pay nothing and waive costs. The final settlement was for approximately $2.2 million. This case was litigated in federal court under the ERISA statutes.