The Oklahoma Supreme Court ruled that a bad faith claim based on an adverse decision does not accrue until judgment is final and that a breach of contract accrues when the contract is breached, not when damages result.
Case: Morgan v. State Farm Mutual Automobile Insurance Co., No. 118881, 05/25/2021, published.
Facts: George Andrew Morgan was driving while drunk and hit Jesse Atkins with his truck. Atkins was severely injured, incurring medical bills of more than $2 million.
Morgan had coverage with State Farm Mutual Automobile Insurance Co. His policy had a $100,000 limit.
...
Comments