The Economic Standard: Florida Bill Addresses “Sue and Settle” Bad Faith Claims

A bill (SB 924) was introduced in the Florida Senate relating to third-party bad faith actions against insurers. SB 924 is a successor to a bill that was allowed to die last year. The bill is an attempt to quell ridiculous damage awards for so-called “bad faith” actions against insurers. Until the bill is enacted, […]

Trawling for Dollars: The Profitable DOJ

Our federal Department of Justice (DOJ) excels at seizing the cash.  In the past two years, often acting as another Department’s attorney, DOJ has prosecuted violators shaking at least $45 billion in fines and penalties out of companies – notably, JP Morgan ($13B), Bank of America ($9.5B), Anadarko ($5.2B), HSBC ($1.9B), Deutsche Bank ($1.9B), SAC […]