$20,000,000 settlement for bad faith denial of earthquake insurance benefits — Los Angeles Superior Court, California 3/2000. Condominium owners sued Farmers for bad faith for the handling of their property damage claims after the Northridge Earthquake in 1994. Jury verdict of $3.9 million compensatory damages. Case settled for $20 million prior to punitive phase of trial. FR’s Co-counsel was Bernie Bernheim, North Hollywood, CA.
*DISCLAIMER: MANY OF THE JUDGMENTS ENTERED WERE LARGER THAN THE VERDICTS, DUE TO THE ADDITION OF STATUTORY INTEREST, ATTORNEY FEES AND/OR COSTS. MANY OF THE VERDICTS WERE EITHER REDUCED ON APPEAL, OR SETTLED FOR AMOUNTS LESS THAN THE JUDGMENT. THESE CASES AND RESULTS ARE A SAMPLING OF RESULTS ACHIEVED. THIS DOES NOT CONSTITUTE A PROMISE, GUARANTEE OR WARRANTY OF ANY KIND. RESULTS DIFFER FROM CASE TO CASE.