More Courts Discouraging Policyholder Settlements in Excess Claims Cases

Risk Management

PUBLISHED ON: February 7, 2012

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As many policyholders have found, the insurance industry’s promise of “seamless coverage” can be anything but. Policyholders often have to pursue insurance coverage for a single claim on an ad hoc basis against multiple insurance companies based upon a myriad of inconsistent denials. This is particularly troubling when a lower-level insurance company is willing to reach a reasonable settlement but the insurance company sitting above it digs in for slash and burn litigation.