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S. Carolina Insurer’s Bad Faith Causes $27M Loss from Policies with $2.5M Limit

/ Owner - December 15, 2023

A panel of the South Carolina Court of Appeals on Wednesday affirmed a trial court order requiring Pennsylvania National Mutual Casualty Insurance Co. to pay an award totaling $27,339,535.46 to developer Portrait Homes and the Persimmon Hill Homeowner’ Association, even though the policies it sold Castillo’s company provided only $2.5 million in coverage.    Read the article……………………………..

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