March 04, 2005
Punies aren't puny
In a very recent case, Willow Inn Inc. v. Public Service Mutual Insurance Co., the U.S. Court of Appeals for the Third Circuit affirmed a punitive damages verdict that was 75 times actual damages in a bad-faith insurance claim. In a client advisory, lawyer and insurance consultant Barry Zalma takes a look at the case and its implications for insurers.
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