A lawyer who won a $5.4 million verdict against the estate of a man with no assets said he will seek to collect the full amount from the man’s insurer, which plans to pay only $50,000 as required by the man’s policy.
Duluth attorney Robert Stevens, who represents the girl and her mother, said that he sent a lawyer for the company, First Acceptance Insurance Co., a time-limited demand to settle for the policy limits. By sending so-called Holt demands offering to settle a case for policy limits, plaintiffs lawyers can bring bad faith claims for far more than the policy limits if insurers do not respond by a deadline.
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