$8M+ Judgement Against Nationwide For Negligence, Bad Faith

  Thursday, June 23rd, 2016 Source: Insurance Business America

Nationwide Mutual Insurance Co. was ordered by a federal judge to pay over $8.1 million in damages. The order comes after a jury came to the conclusion last year that the insurer acted negligently and in bad faith in denying a claim for the death of an auto accident victim. Over $5.7 million of the judgment represents a state court jury award in a previous trial in 2009. The underlying case behind the judgment is a 2005 auto accident in which a commercial van operated by Seung Park ran a red light and crashed into Stacey Camacho’s Toyota Tercel. The 25-year-old mother lost her life in the tragedy, but her two-year-old son Jacob survived her.

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