$5,935,000 in Punitive Damages
Ainsworth v. Combined Insurance Company of America, 105 Nev. 237, 774 P.2d 513 (S.Ct. 1992)
In this insurance bad faith case, our firm, in association with Reno attorney, Peter Chase Neumann, tried to a jury an elderly disabled man’s claim against an insurance company for disability benefits of approximately $9,600 dollars. The jury awarded damages, including $5,935,000 in punitive damages, against Combined Insurance Company for the bad faith conduct the company engaged when it denied the disability benefits. The Nevada Supreme Court reinstated the punitive damage jury verdict after it was struck down by the trial judge and established standards of conduct that insurance companies must follow in handling claims brought on behalf of Nevada policyholders for insurance benefits as well as standards applicable to punitive damage awards.
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