Court Opinion

ID: 9462408
Source: CourtListenerOpinion
Date Created: 2023-08-04 22:40:31.45934+00
Date Added: 2024-06-11T17:37:34.785845
License: Public Domain

CELEBREZZE, Circuit Judge
(dissenting).
In the absence of express language in the Contract of Insurance, that the Insurer agrees to indemnify the Insured for the amount in excess of policy limits, when the Insurer exercises its option not to settle a claim, the only recourse the Insured has is to file an action based on bad faith. The Ohio Supreme Court in Wasserman v. Buckeye Union Casualty Co., 32 Ohio St.2d 69, 290 N.E.2d 837 (1972) finds that bad faith is a tort action. The action not having been filed within the tort statutory period is barred. I would affirm the Judgment of the District Court.