It took six years, but a federal jury in a Florida court has determined car insurance giant Geico acted in bad faith when it didn’t fully settle a claim with the family of a woman who died in a road rage accident. The verdict was related to an accident in May 2010 where the Berkshire Hathaway-owned car insurance company was ordered to pay out $4 million. The Eleventh circuit ruling overturns the previous decision in 2014 faulting the legal representation of the deceased’s family.
This new and final decision stems from the high court’s finding that the Geico policyholder, Joshua Moore, had both merit and deficiencies in his allegations that Geico acted in bad faith by not completely settling with the victim’s family.