Friday, February 27, 2009

McCoy v. Progressive Ins. Co. (Cal. Ct. App. - Feb. 26, 2009)

Maybe the owner burned his own car up. Maybe he didn't, and it was indeed stolen as he claims.

When there's not every much evidence of the former, and you're the insurance company that insures the guy for theft, you'd better pay his claim. Otherwise you're going to be liable for, inter alia, punitive damages. As Progressive Insurance Company discovers -- to the tune of $100,000 -- here.