I’m betting it’s Lloyds of London...and yes, they will go after it. It’s called insurance fraud.
I don't think so. This was a settlement, not a trial. The insurance company decided it was cheaper to settle than to take a chance on a jury judgment, and I'm sure the settlement was not contingent on the outcome of the trial. Unless they can prove that the Martins or their lawyers lied or misrepresented material facts in filing their claim, then I think the insurance company is stuck no matter what.