Insurance

Nautilus Insurance accuses Amguard of $3 million in crime

The complaint details that despite repeated limited requirements that require resolution within Amguard’s $1,000,000 policy limit – including a $1 million global settlement offer and subsequent $625,000 offer, Amguard did not resolve it. The case was tried in June 2023, resulting in a jury’s verdict of $3,000,315.07, which later dropped to $2,442,562.50. Nautilus ended up paying $610,640.63 to meet the judgment against Hani, plus $78,220.02 in interest and $20,037.55 in total, $708,898.20. The jury allocated 25% of the liability to Hani and the rest to A1A.

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