Gingold v. Government Employees Insurance

McMurray, Presiding Judge.

This is an excess judgment case, that is, a complaint brought by an insured (in this case the trustee of the bankruptcy estate of the insured) against his insurance carrier for its failure tó settle a claim against the insured which resulted in a verdict and judgment far in excess of the insurance policy limits of liability ($10,000 insurance coverage, $120,000 judgment). For the purposes of this appeal the insurance carrier will be referred to as “GEICO,” the defendant. Further, for consideration in detail of the facts of the damage suit by and between Johnston and…