Limitation of Liability Clause Protecting Owner is Not Voided by Owner’s Breach of Contract or Alleged Bad Faith
Bad Faith,Limitation of Liability
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A Limitation of Liability (LoL) clause in a contract was upheld by a court notwithstanding allegations that the project owner had acted in bad faith in its treatment of the contractor. It was held to apply, however, only to the damages that would be awarded under the contract and not to limit additional damages for [...]
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Punitive Damage Award Against Insurance Company Reversed by Supreme Court as Excessive
Bad Faith,Damages,Fraud,Insurance Issues,Punitive Damages,Settlement Agreement
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When State Farm Insurance refused a proposed settlement for the amount of its policy limit for a law suit arising out of an automobile accident, the matter went to trial and a jury returned a verdict against State Farm’s insured in the amount of three times the policy limit. State Farm paid the entire judgment [...]
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When an insurance carrier refused to defend the owners of a building under a general liability policy against claims by occupants alleging injuries from toxic fumes from carpeting, the owners sued the carrier to enforce their rights under the policy. They also sued for punitive damages, claiming that the insurance carrier denied coverage in bad [...]
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