How Bad Faith Turned $1M into $56M, with Rahul Ravipudi

The jiu-jitsu club had a $1 million insurance policy, but when an instructor accidentally rendered a new student an incomplete quadriplegic, the carrier put its interest above their own insured’s – and paid the price. Rahul Ravipudi, who represented the victim, updates co-host Ben Gideon on the groundbreaking case. After the defendants refused to pay the policy limit, the case went to trial, and a jury awarded Rahul’s client $46 million. The defendants appealed, the judgment was affirmed, and most recently, the California Supreme Court denied the defendant’s request to review the verdict – which has increased to $56 million with interest. Rahul imagines the defense counsel and insurance adjusters discussing how many times they’ve had to actually pay the policy limit on such a case: “So, look like the hero, and save your insurance company $250,500,000. It’s that ‘penny-wise/pound foolish.’”Learn More and Connect☑️ Ben Gideon | LinkedIn | Facebook | Instagram☑️ Gideon Asen on LinkedIn | Facebook | YouTube | Instagram☑️ Rahul Ravipudi | LinkedIn | Instagram☑️ Panish Shea Ravipudi LLP on LinkedIn | Facebook | YouTube | Instagram☑️ Subscribe: Apple Podcasts | Spotify Produced and Powered by LawPodsSponsored by SmartAdvocate, Hype Legal, Expert Institute, Filevine, and Steno.