Textron Financial Corp. v. National Union Fire Insurance
California Court of Appeal
1Opinion of the Court
Opinion
RYLAARSDAM, J.
This is our third review of the present case. Plaintiff Textron Financial Corporation sued defendant National Union Fire Insurance Company of Pittsburgh, Pennsylvania and others for breach of contract, breach of the implied covenant of good faith and fair dealing, and fraud arising from defendant’s refusal to honor a claim for insurance benefits concerning property damage to a commercial bus in which plaintiff held a security interest. The jury returned a verdict awarding plaintiff $165,414.40 in compensatory damages and $10 million in punitive damages, but in…
2Cases cited42 opinions
- BMW of North America, Inc. v. GoreSupreme Court of the United States · 1996
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- Pacific Mutual Life Insurance v. HaslipSupreme Court of the United States · 1991
- Cel-Tech Communications, Inc. v. Los Angeles Cellular Telephone Co.California Supreme Court · 1999
- Cooper Industries, Inc. v. Leatherman Tool Group, Inc.Supreme Court of the United States · 2001
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