Insurance
Jul. 20, 2001
Pushing the Limits
Excess insurance protects a policyholder against large losses that exceed the limits of a primary or other underlying policy. Ordinarily, the excess insurer's express duty to pay for a loss is not triggered until the underlying policy limits have been exhausted. Thus, it may be tempting to conclude that an excess insurer owes no duties to its policyholder until the underlying policy limits are exhausted.
Excess insurance protects a policyholder against large losses that exceed the limits of a primary or other underlying policy. Ordinarily, the excess insurer's express duty to pay for a loss is not triggered until the underlying policy limits have been exhausted. Thus, it may be tempting to conclud...
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