|
|
Article: Legal Battles Continue for San Diego-Based Golden Eagle Insurance.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- December 14, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
By Penni Crabtree, The San Diego Union-Tribune Knight Ridder/Tribune Business News
Dec. 14--It may be the most costly piece of dirt-moving machinery in history.
In October, a Riverside jury ordered San Diego's Golden Eagle Insurance Corp. to pay $7.5 million in punitive damages after the company refused to pay a $57,500 claim on the theft of a backhoe.
The eye-popping jury award in favor of Corona-based Pacific Coast Machinery could prove to be a passing legal oddity. But court documents indicate more litigation on the horizon as Golden Eagle battles allegations by a former executive that the company instituted a policy that denied some ...