• Home
  • Our Services
  • From John Cooke
  • Library
  • About
  • Contact Us
  • OUR SERVICES
  • FROM JOHN COOKE
  • LIBRARY
  • ABOUT
  • CONTACT US
1 MIN READ

BAD FAITH ACTION PREVAILS – Pay Attention

February 20, 2014
-
Other

Copyright held by The John Cooke Fraud Report. Reprint rights are granted with attribution to The John Cooke Fraud Report with a link to this website.

 

Companies may not be too happy about the latest in mega-judgments levied against an insurer. A Los Angeles Superior Court handed down a $42 million award to Perry Hanstad, a former San Bernadino area contractor. The case stemmed from accusations of fraud against Hanstad in 1993 and the refusal of Truck Insurance (an affiliate of Farmers), his carrier, to pay the claim in which Hanstad allegedly committed the fraud. The resulting fall-out forced Hanstad into bankruptcy. In his lawsuit, Hanstad claimed he had coverage for the acts he was accused of committing and Truck should have paid. Their refusal to pay, he said, constituted bad faith. The jury sided with the ex-contractor, giving him an estimated $2 million in compensatory and $40 million in punitive. Ouch!

© 2000 John Cooke Fraud Report

← PREVIOUS POST
IT WAS A LONG TIME COMING, BUT…
NEXT POST →
WISCONSIN BC-BS GETS THEIR MAN – Upcoding Doc Goes Down

Related News

Other posts that you should not miss.

Congratulations – TBI Wins Award

December 30, 2012

Copyright held by The John Cooke Fraud Report. Reprint rights are granted with attribution to The John Cooke Fraud Report with a …

Read More →
Other
1 MIN READ

Canada: Our Northern Neighbor

February 19, 2014

Copyright held by The John Cooke Fraud Report. Reprint rights are granted with attribution to The John Cooke Fraud Report with a …

Read More →
Other
15 MIN READ

Colorado Legislation – Bill Aimed at Airbag Reform

December 31, 2012

Copyright held by The John Cooke Fraud Report. Reprint rights are granted with attribution to The John Cooke Fraud Report with a …

Read More →
Other
1 MIN READ

  • Categories

John Cooke Investigations | BAD FAITH ACTION PREVAILS – Pay Attention