Ferris v. Employers Mutual Casualty Company

This case is a by-product of Ferris v. Riley, 251 Iowa 400, 101 N.W.2d 176. In that case, in which Ferris claimed damages from Riley arising out of an automobile collision, the final judgment was for the plaintiff in the sum of $55,000. The coverage limit in Riley’s liability policy with the defendant insurance company was $10,000. After the trial of the original case in the district court and appeal, all of which resulted in the judgment above referred to, the present defendant, which will hereinafter be known as the insurer, paid in the policy limit and costs, leaving $45,000 unpaid on the…