OMAHA, Neb. (AP) — A judge has ordered a defunct Nebraska insurance company to pay Florida regulators at least $2.2 million, but this week’s ruling isn’t likely to settle the case that began in 1998.
The Nebraska Supreme Court has already ruled on aspects of the case four times, and it may get another chance.
The case centers on the relationship between David Fulkerson’s former company, Countrywide Insurance Agency, and an insolvent insurance company Florida regulators took control of in 1997.
Bob Craig, who represents Florida, said Wednesday he’s pleased with the ruling, but more appeals are likely given the case’s history.
Attorney William Gast, who represents the Fulkerson family and Countrywide, says he’ll appeal because a procedural issue should have killed the case several years ago and because he disagrees with the judge.