At Oxford’s insistence, the firm agreed to wait until April 2025 to reapply, then agreed to another extension until June 16, 2025. In June 2025, Oxford’s general counsel reportedly told the firm that 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 his second claim, this time for approximately $116 million, reflecting additional income 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 dismiss $116 million in bad faith claims, according to court rules & more related News Here
