Fifth Circuit Upholds Policy Limits in Bad Faith Claim

Following an October 2009 automobile accident with an uninsured motorist, Daniel Dey filed a claim with his insurance company State Farm. Dey and State Farm negotiated a settlement until February 2012 when State Farm notified Dey they had reached an impasse and issued him a check for $37,000 ($63,000 short of his policy maximum coverage.) In September 2012, Dey filed a bad faith claim. Read the details and why the court upheld his State Farm policy limits.