$22 million: Matt Casey Settles Record Insurance Bad-Faith Case
by Mario Cattabiani — September 29, 2014
Matt Casey, a founding partner of Ross Feller Casey, LLP, has settled a landmark, record-setting insurance bad-faith case for $22 million -- making it the largest settlement of its kind in Pennsylvania history.
It is also the largest bad-faith settlement involving a motor vehicle accident reported in the U.S., according to VerdictSearch, the nation's leading publisher of verdicts and settlements.
The case involved a major insurance company's handling of a $250,000 automobile insurance policy held by the driver of a vehicle in which the plaintiff, Patrick Hennessy, was a passenger.
As a result of a catastrophic Philadelphia car collision in 2009, Hennessy suffered severe injuries and eventually was forced to undergo an above-the-knee amputation of his right leg.
At $22 million, the settlement reached by Casey is 88 times the amount of the originally available insurance policy limits that Hennessy sought.
The settlement drew widespread attention from the media – see below:
Listen to the KYW News Radio report here.
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