In April of 2012, Tom Costello was able to secure a settlement agreement of a subrogation suit pursued for one of his clients that resulted in a recovery of 92% of the subrogated damages.
04/30/2012In April of 2012, Tom Costello was able to secure a settlement agreement of a subrogation suit pursued for one of his clients that resulted in a recovery of 92% of the subrogated damages.
The damage at issue occurred when the driver of a tractor trailer struck the firm's client's building, causing significant electrical damages and related damages to the property and building of the insured. It initially appeared that the at fault driver had no liability insurance, and through discovery, it was determined that the driver's employer's liability insurance had lapsed. Through creative investigation and discovery, Tom was able to obtain documents from the freight company that had hired and dispatched the at fault driver on the day of the incident and discovered that the company had actually hired the driver, as well. While the driver was apparently working for two employers at once, and the first employer let their insurance lapse, the additional employer had a valid liability policy and the litigation was quickly settled thereafter. Ultimately, the settlement allowed BV&H to recover 92% of the subrogated damages for our client, before any depositions had to be taken in the litigation.