Hayes Brothers, Inc. v. Economy Fire & Casualty Company
Court of Appeals for the Eighth Circuit
1Opinion of the Court
HUNGATE, District Judge.
Appellant, Economy Fire & Casualty Company [Economy], appeals an award of compensatory and punitive damages in an “excess judgment” action brought by appellee, Hayes Brothers, Inc. [Hayes]. We affirm as to the award of compensatory damages, and reverse as to punitive damages.
Hayes filed this “excess judgment” action against its insurer, Economy, based on Economy’s failure to accept a policy limit demand to settle a tort action, Lee v. Hayes, No. 76-27-D (S.D.Iowa Nov. 19, 1976).
A jury returned a verdict against Economy in the amount of $119,748 compensatory damages,…
2Cases cited16 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Meyer v. NottgerSupreme Court of Iowa · 1976
- Thomas Polk v. Ford Motor Company, Ethel Lee Marshall, Guardian v. Ford Motor CompanyCourt of Appeals for the Eighth Circuit · 1976
- Kurtenbach v. TeKippeSupreme Court of Iowa · 1977
- Henke v. Iowa Home Mutual Casualty CompanySupreme Court of Iowa · 1959
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3Cited by6 opinions
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- Rodgers v. Pennsylvania Life InsuranceDistrict Court, S.D. Iowa · 1982
- Brock v. LauritzenDistrict Court, E.D. Wisconsin · 1986
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