Insurance
May 12, 2016
Insurers' duty to settle protects insureds
One of the benefits of liability insurance is, of course, the fact that an insurer has an obligation to fund reasonable settlements of lawsuits against its insured - at least if those lawsuits are potentially covered.
Kirk A. Pasich
Partner and Co-Leader of the Insurance Recovery Group
McGuireWoods LLP
Phone: (310) 956-3462
Email: kpasich@mcguirewoods.com
Loyola Law School
One of the benefits of liability insurance is, of course, the fact that an insurer has an obligation to fund reasonable settlements of lawsuits against its insured - at least if those lawsuits are potentially covered. The exact contours of the insurer's duty to settle are fairly well defined now, and have been since the California Supreme Court's landmark decision in Comunale v. Traders & General Insurance Co., 50 Cal. 2d 654 (1958). There, the court stated, "the implied obligatio...
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