Rodolfo Sorondo, Jr. , of Holland & Knight LLP, Miami, Florida; and William W. Large of Florida Justice Reform Institute, Tallahassee, Florida, for Amicus Curiae Florida Justice Reform Institute.
Christine Davis Graves and Sylvia H. Walbolt of Carlton Fields, Tallahassee, Florida, for Amici Curiae American Insurance Association, National Association of Mutual Insurance Companies, Personal Insurance Federation of Florida, and Property Casualty Insurers Association of America.
QUINCE, J.
This case involves the application of the law of bad faith, which imposes a fiduciary obligation on an insurer to protect its insured from a judgment that exceeds the limits of the insured's policy. The specific issue in this case is whether the Fourth District Court of Appeal misapplied this Court's bad faith precedent and relied on...
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