At Oxford’s urging, the firm agreed to wait until April 2025 to refile, then agreed to another extension through June 16, 2025. In June 2025, Oxford’s general counsel allegedly told the firm it would not pay the claim in full. On June 10, 2025 – six days before the extended deadline – an insurance brokerage announced it would acquire Accession. On June 16, 2025, Watts Guerra filed its second claim, this time for approximately $116 million, reflecting additional proceeds received from the litigation portfolio in the interim. Oxford responded about a week later with the same document requests it had sent after the first claim.
Captive insurer can’t shake $116 million bad faith claims, court rules
By Awais
