ANALYSIS: GEICO’s Costly Car Insurance Gamble Is Cautionary Tale


ANALYSIS: GEICO’s Costly Car Insurance Gamble Is Cautionary Tale #ANALYSIS #GEICOs #Costly #Car #Insurance #Gamble #Cautionary #Tale Welcome to JibGlobe, here is the new resources we have for you today:


GEICO may be on the hook for millions more than it bargained for after declining to settle a legal claim against a policyholder for $1 million.

The policyholder was romantically involved with a woman who threatened to sue him for negligence after she contracted a sexually transmitted disease in his car. The auto insurer denied coverage and withdrew from the matter entirely. The parties then agreed to arbitrate the claim, and the woman was ultimately awarded $5.2 million in arbitration.

GEICO’s decision to deny and withdraw opened the door to a potentially larger payout than GEICO would otherwise have faced. …

Like this:

Like Loading…



Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button