On April 18, 2024, Tulsa, Oklahoma lawyer Rich Toon of Toon Law Firm obtained a $92,426,640 jury verdict against Great Lakes Insurance SE for insurance company bad faith. The jury’s verdict of more than $92M is believed to be the largest jury verdict in Oklahoma history in an insurance company bad faith case brought by an individual. This follows jury verdicts obtained by Tulsa, Oklahoma lawyer Rich Toon of $1,484,000 against Protective Insurance Company in 2023 for bad faith and a jury verdict of $1,372,289 he obtained against State Farm. There are many other insurance company bad faith cases in which Oklahoma lawyer Rich Toon has obtained out-of-court settlements for insured people. He also has experience representing small businesses against insurance companies for breach of contract and bad faith.

Oklahoma has laws to protect insureds from unfair claims settlement practices by insurance companies. Oklahoma’s Unfair Claims Settlement Practices Act is found in Okla. Stat. tit. 36 § 1250.1 et seq. All insurance companies doing business in Oklahoma must promptly investigate the claim, promptly evaluate the claim and promptly pay what the insurance company owes. The failure of an insurance company to do any of those things can give rise to a breach of contract and bad faith lawsuit. An insurance company’s actions can also give rise to a lawsuit involving other theories of recovery against the insurance company.

Oklahoma lawyer Rich Toon may be reached at 918.477.7884.