10 Sep BTT v. an Anonymous Georgia Insurance Agency, et al.
GEORGIA SETTLEMENT OF $1,670,000
Two insurance agencies sold a bogus excess liability policy for a large sum to BTT, a trucking company. After one of its trucks was involved in a wreck that horribly injured a child, BTT discovered that its excess liability insurance carrier did not exist and that the policy provided no coverage for its truck driver. BTT brought suit and was prepared to prove that the insurance agencies were negligent in their investigation of the shell corporation offering the policy, and negligent in offering to BTT the essentially non-existent insurance policy.