A jury has decided Geico Insurance must pay a Southern California man nearly $23 million in compensation and damages after the company unreasonably delayed paying out on a $400,000 damage claim.
The injured driver, Omar Dauod, maintains the delayed payment cost him his business and forced him to sell two homes at a loss.
The Orange County Register reports Tuesday that the case stems from a 2009 accident. The other driver was at fault but his insurance was limited to $100,000, prompting Dauod to file a claim with his own insurance, Geico.
Geico’s attorneys didn’t return calls from the newspaper seeking comment on the verdict.
Was this article valuable?
Here are more articles you may enjoy.