Farm Bureau Insurance v. Paladino

Darrell Hickman, Justice.

Carl Paladino’s barn burned and he sued his insurance company, Farm Bureau, in the Conway County Circuit Court for the $8,000.00 coverage Farm Bureau had on his barn.

There was no dispute over the fire loss of the barn nor the coverage. The dispute was whether Farm Bureau had good cause for not paying the claim within sixty days of proof of loss.

The trial judge found that Farm Bureau had no good cause for not paying the claim within sixty days and entered judgment for $8,000.00, plus 12% penalty, an attorney’s fee of $2,640.00, and 6% interest on the $8,000.00 from the…