The amount of insurance coverage available in a South Carolina car accident case is one of the most important considerations in determining the overall value of a claim filed by an injured person or the family of an accident victim.
As a practical matter, if there is no insurance, recovery of fair compensation is next to impossible. (Hence the expression, “You can’t get blood out of a turnip.”) But, what happens when the defendant does have liability insurance but the insurance company becomes insolvent?
Facts of the Case
In a case recently considered on appeal, the plaintiffs were the personal representatives of the estate of a truck driver who was killed in a fatal, multi-vehicle accident that occurred in 2008. After a decade of litigation involving several different defendants and multiple theories of liability, the issue before the Bamberg County Circuit Court was the amount of money damages that the defendant insurance guaranty association owed the plaintiffs after one of the insurance companies involved in the case became insolvent. Continue Reading ›