Payoff

Tampa, Florida – A recent ruling by the Florida Supreme Court has potentially increased the compensation for an accident victim involved in a traumatic collision. Randy Willoughby, the victim, initially received a $4 million bad-faith settlement from his auto insurer and later won a $30 million jury verdict against the truck co-owner responsible for the crash. Willoughby’s legal team is now seeking to collect on the judgment through a bad-faith action against the truck owner’s insurance company. The court’s ruling centered around the interpretation of Florida’s collateral source rule. This rule disallows the owners of … Read more