Mario Russo spoke with Law360 about one of 2023’s most notable bad faith verdicts, GRQ LLC v. American Guarantee and Liability Insurance Co. et al., in which a federal jury awarded the policyholder, a manufacturing facility, $112 million for claims that included hiding repair cost estimates and hiring the facility’s environmental consultant. “Unfortunately, we’re seeing insurer conduct like this more and more,” Mario said. “Whether it’s denying or undervaluing valid claims, delaying their resolution, withholding pertinent information — the list goes on.”
1.9.2024