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Home / Verdicts & Settlements / Auto company recovers for non-payment of insurance claims – $22,079,207 Settlement (access required)

Auto company recovers for non-payment of insurance claims – $22,079,207 Settlement (access required)

Ford Motor Company sued the National Indemnity Company (NICO) in November 2012 alleging that NICO, through an affiliate, Resolute Management Inc., took control over and stopped the payment of $20 million in “non-batch” product liability claims owed to Ford by its insurer, HDI-Gerling. Ford had procured coverage from HDI-Gerling from 1995 to 2003 that required ...

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