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 finally paid in December 2013 after an arbitration judge ruled in Dauod’s favor. He then sued the company alleging they mishandled his claim.
Geico’s attorneys didn’t return calls from the newspaper seeking comment on the verdict.
Topics California
Was this article valuable?
Here are more articles you may enjoy.
FBI Investigating Possible Exposure of Millions of American IDs 
Lockton Named in NBA Investigation Into Clippers Salary Cap Circumvention 
The Big Data/AI ‘Revolution’ Is Driving Up Verdicts, Settlements as Plaintiffs Buy In 
Viewpoint: How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage 
