GEICO Insurance “Bad Faith” Trial Update

We’ve all heard, “15 minutes could save you….” If GEICO had paid its $100,000 insurance policy to protect one of its policyholders, it would have saved the company a lot. A successful trial against the insurance company for failing to protect its insured was in 2015, but post-verdict motions and negotiations continued well into 2016. After four mediations, the case for the insured driver against his own insurance company was resolved under a confidential settlement agreement.

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