Bad Faith Blog
May 14, 2017
Texas Law Firm’s Coverage and EC Awards Properly Reduced from $33M to $28M
Summary: OneBeacon Insurance Company (OneBeacon) provided professional liability insurance to T. Wade Welch & Associates (Welch Firm) and firm attorneys, including Ross Wooten (Wooten). After a legal malpractice award against the Welch Firm which OneBeacon refused to settle, the Welch Firm filed common law and statutory bad faith claims against OneBeacon on which it prevailed. The District Court reduced the award to prevent a double recovery. The Fifth Circuit affirmed.