$41,500
Insurance Dispute
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Case Details
Insured settled a claim for truck damage and lost profits with United Financial Casualty Company, but was denied statutory damages and attorney fees.
Additional Notes
Settlement expressly denied liability; court ruled that an oral mediation demand was insufficient to amend the initial demand for statutory penalty calculation. Statutory penalty, attorney fees, and interest denied because settlement was less than 80% of initial demand and no admission of liability.
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