Goss v. Cone

Banke, Presiding Judge.

Appellee Cone was injured when his automobile was struck by an automobile being driven by appellant Goss after the latter failed to stop at a stop sign. Settlement negotiations ensued between Cone’s attorney and Goss’ insurer, Superior Insurance Company; and although Cone’s damages exceeded the $15,000 in liability coverage provided by Goss’ policy, his attorney verbally agreed to accept the policy limits in full settlement of his claim. On December 21, 1988, approximately one week after this verbal agreement was reached, Superior Insurance sent Cone’s attorney a draft…