[Download] "State Farm Fire & Casualty Company v." by Supreme Court of Alaska " eBook PDF Kindle ePub Free

June 16, 2021

eBook details

Title: State Farm Fire & Casualty Company v.
Author : Supreme Court of Alaska
Release Date : January 21, 1989
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 68 KB

Description

MOORE, Justice. David and Noreen Nicholson sued State Farm Fire & Casualty Company for unreasonably and willfully breaching its duty
to act in good faith. The Nicholsons alleged that State Farm did not promptly settle a claim under their homeowner's policy.
The jury returned a special verdict in favor of the Nicholsons, awarding $105,700 in compensatory damages and $7,500 in punitive
damages. On appeal, we address whether the breach of the implied covenant of good faith and fair dealing in "first-party"
insurance cases is a tort, thereby possibly justifying an award of punitive damages, and whether the award of prejudgment
interest was appropriate.