$55M Verdict Won Against AIG Companies In Bad Faith Suit

A Nevada County attorney was part of the legal team that recently won a multi-million verdict against a group of insurance companies that tried to deny coverage to a Pennsylvania-based company. A California jury awarded more than $55 million to pipe-joining company Victaulic Co. in its suit accusing three American International Group Inc. units of denying coverage of dozens of suits against Victaulic in bad faith. After a six-week trial, the jury gave Pennsylvania-based Victaulic $9.3 million for the insurers’ breach of contract and $46 million in punitive damages, reportedly the largest verdict in Alameda County Superior Court in nearly a decade.