Insurance Policy Limits Curb Delay Damages: Pa. High Court

Law360, New York (January 2, 2013, 4:57 PM EST) -- Delay damages awarded in insurance disputes must be calculated based on verdicts molded around policy limits and not on awards made directly by juries, Pennsylvania’s highest court said Friday in a decision upending a ruling by the state’s Superior Court.

In a 5-1 decision, the justices said that State Farm Mutual Automobile Insurance Co. was only required to pay delay damages based on a verdict molded to the $250,000 coverage limit on an uninsured motorist policy purchased by plaintiff Richard Marlette and his wife, ruling that...
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