GC Email
Jan. 4, 2017
Excess insurers can sue if primary insurer fails to settle within limits
The California Court of Appeal was recently asked to apply the covenant of good faith and fair dealing to a primary insurer who failed to accept a settlement within its policy limit, without a judgment, and reimburse the excess insurer. By Barry Zalma
Barry Zalma
ZALMA ON INSURANCE LAW
A primary insurer owes the same good faith and fair dealing to an excess insurer to settle within policy limits that it owes to the insured. The California Court of Appeal was recently asked to apply the covenant of good faith and fair dealing to a primary insurer who failed to accept a settlement within its policy limit, without a judgment, and reimburse the exce...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In