An insurance company has sued an Atlanta law firm and an insurance agency, claiming negligence by both cost the company millions of dollars in unnecessary settlements by failing to promptly respond to accident victims’ demands for the $25,000 policy limit damages of minimally-insured drivers.
The demands are known as “Holt demands” or “Holt letters” named for the 1992 Georgia Court of Appeals decision in Southern General Insurance Co. v. Holt, 262 Ga. 267. Plaintiffs lawyers sometimes send such demands to insurers of defendants, telling them to pay the limits of their coverage within a given period or risk having to spend more in litigation, risk paying greater sums in settlements or judgments, including bad faith claims.
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