Whether you deplore or celebrate Florida’s bad faith insurance law depends on your professional allegiance.
To the insurance industry, it’s awful: Joe Insured buys a bare-bones auto policy from the Acme Insurance Co. He causes a horrific accident that Acme tries unsuccessfully to settle for the policy limits, and Insured absorbs a huge damage award at trial. Then another lawyer files a so-called "bad faith" lawsuit against Acme, jurors are hostile, and Acme winds up having to pay out millions more than any actuarial model.
