According to news reports here, here, here and here, a Utah jury has awarded plaintiff $3,606,214 in compensatory damages and $60 million in punitive damages against American National Insurance Company. American National plans to appeal, and seems to have a very strong ratio argument especially given the rather substantial compensatory award.
August 13, 2008
Utah Jury Awards Punitive Damages of 16 Times the Substantial Compensatory Award
Posted by
Jeremy Rosen
at
8:37 PM