SANTA ANA, Calif. (AP) — A jury has decided Geico Insurance must pay a Southern California man nearly $23 million in compensation and damages after the company unreasonably delayed paying out on a $400,000 damage claim.
The injured driver, Omar Dauod, maintains the delayed payment cost him his business and forced him to sell two homes at a loss.
The Orange County Register reports Tuesday that the case stems from a 2009 accident. The other driver was at fault but his insurance was limited to $100,000 — prompting Dauod to file a claim with his own insurance, Geico.
Geico finally paid in December 2013 after an arbitration judge ruled in Dauod’s favor. He then sued the company alleging they mishandled his claim.
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Geico’s attorneys didn’t return calls from the newspaper seeking comment on the verdict.
Information from: The Orange County Register, http://www.ocregister.com