$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.