Burgess v. Farmers Ins. Co., Inc.

¶ 1 Insureds seek compensatory and punitive damages in this case for breach of contract, bad faith, fraud and deceit arising from Insurer’s alleged systematic failure to pay Insureds amounts due for general contractor’s overhead and profit (hereinafter “O & P”) and for Insurer’s alleged intentional withholding of information concerning the Insured’s entitlement to the O & P payment at the time of Insurer’s actual cash value (hereinafter “ACV”) settlement. The contested issues in this litigation concern the circumstances giving rise to the Insureds’ entitlement to payment for O & P, timing of…