$58
Insurance Bad Faith
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Case Details
Harrison County jury awarded former shareholders of Elkins-based Hess Oil $58 million from AIG for violating Unfair Claims Settlement Act and duty of good faith and fair dealing regarding cleanup of a leak from a Hess Oil-owned storage tank system.
Additional Notes
AIG had overseen and paid for cleanup until mid-2009, then refused further claims, asserting Hess Oil was untruthful. Plaintiffs asserted remaining cleanup costs were between $550,000 and $850,000. Punitive damages of $53 million were awarded. AIG offered almost nothing to settle before trial and planned to appeal.