Insurance Malpractice Lawsuits
$775,000 – Insurance Agent Malpractice Settlement
After the owner of the shopping center suffered a fire loss, it was discovered that the center was significantly underinsured. Jack Hamilton sued the agent who had sold the policy under their errors and omissions coverage. It turns out that the agent had failed to recommend to the shopping center owner business-interruption coverage; ordinance or law coverage; and replacement value coverage. The case settled at a mediation conference for $775,000.00.