Layne v. Progressive Preferred Insurance

{¶ 1} This case arises from an underlying suit brought by appellant, Allen R. Layne, against appellee, Progressive Preferred Insurance Company, seeking damages allegedly resulting from an automobile accident involving Layne and one of Progressive’s insureds. A pretrial conference was held in that case on October 31, 2000. Although the parties differ on the nature and extent of the understanding reached at that pretrial conference, they agree that the parties’ attorneys orally agreed to settle the case for $12,500. One week later, on November 7, 2000, Progressive’s counsel sent Layne’s counsel…