Cedra Mayfield is a litigation reporter with the Daily Report, the ALM newspaper in Atlanta. She can be reached at [email protected]. Twitter: @cedramayfield
The complex's insurance limits were made up of a primary policy of $1 million and two excess policies of $5 million each, according to the plaintiff counsel.
Following a rear-end collision, a pair of Atlanta attorneys offered to settle their client's injury complaint for a $100,000 policy limit, but the defendant's insurer declined.
"With negotiations concluded, Allstate ultimately paid $500,000, which was $400,000 more than what the company was contractually required to pay," said plaintiff counsel.