Legal Opinion
Parich v. State Farm Mutual Automobile Insurance
Court of Appeals for the Fifth Circuit
Decided October 19, 1990No. 89-4636PublishedCited by 1 opinion
1Opinion of the Court
E. GRADY JOLLY, Circuit Judge:
In this diversity case, State Farm appeals a judgment based on a finding that it negligently failed to settle an auto-accident suit *908against an insured. State Farm soon realized that the victim’s medical expenses would exceed the insured’s $25,000 policy limits, but could not reach a settlement with the victim. The case went to trial, and the jury rendered a verdict against the insured for almost $400,000. As part of a subsequent compromise agreement, the insured agreed to pay the victim $15,000 and to assign him its right to sue State Farm for negligent failure…
2Cases cited36 opinions
- United States v. ITT Continental Baking Co.Supreme Court of the United States · 1975
- Flowers v. US Fidelity & Guaranty Co.Supreme Court of Louisiana · 1980
- Felder v. Georgia Pac. Corp.Supreme Court of Louisiana · 1981
- Smith v. LegerLouisiana Court of Appeal · 1983
- Paragon Resources, Inc. v. National Fuel Gas Distribution CorporationCourt of Appeals for the Fifth Circuit · 1983
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3Cited by1 opinion
- Sam Parich v. State Farm Mutual Automobile Insurance Co.Court of Appeals for the Fifth Circuit · 1990