Mealey's Insurance - Iowa High Court Reverses $25M Punitive Damages Verdict In Bad Faith Suit

Mealey's Insurance - Iowa High Court Reverses $25M Punitive Damages Verdict In Bad Faith Suit

DES MOINES, Iowa - The Iowa Supreme Court on May 19 reversed a jury's $25 million punitive damages award entered in favor of an insured after determining that a trial court erred in ruling on motions for summary judgment that a workers' compensation insurer acted in bad faith by contesting the insured's request for a lump-sum settlement of a workers' compensation claim (Toby Thornton v. American Interstate Insurance Co., No. 15-1032, Iowa Sup., 2017 Iowa Sup. LEXIS 52).

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