Legal Opinion
Soto v. State Farm Insurance
New York Court of Appeals
Decided May 10, 1994PublishedCited by 32 opinions
1Opinion of the Court
OPINION OF THE COURT
Titone, J.
Defendant’s insureds were adjudged liable to pay a total of $420,000 in compensatory damages and $450,000 in punitive damages in connection with a fatal automobile accident. The insureds’ assignees, the actual injured parties, then commenced the present action against the defendant insurer, alleging that it should be held liable for the full amount of the judgment, which far exceeded the policy limits, because it acted in bad faith in refusing a pretrial settlement offer that was within the policy limits. The issue in this appeal is whether the insureds’…
2Cases cited12 opinions
- Rocanova v. Equitable Life Assurance Society of United StatesNew York Court of Appeals · 1994
- Messersmith v. . American Fidelity Co.New York Court of Appeals · 1921
- Kenford Co. v. County of ErieNew York Court of Appeals · 1989
- Gordon v. Nationwide Mutual InsuranceNew York Court of Appeals · 1972
- Public Service Mutual Insurance v. GoldfarbNew York Court of Appeals · 1981
7 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- Zurich Insurance v. Shearson Lehman Hutton, Inc.New York Court of Appeals · 1994
- PPG Industries, Inc. v. Transamerica InsuranceCalifornia Supreme Court · 1999
- Wolfe v. Allstate Property & Casualty InsuranceCourt of Appeals for the Third Circuit · 2015
- Randi A.J. v. Long Island Surgi-CenterAppellate Division of the Supreme Court of the State of New York · 2007
- Lira v. Shelter Insurance Co.Supreme Court of Colorado · 1996
27 more not listed; retrieve them via the Exa API.