Insurance
Jan. 17, 2003
Duty to Settle Also Exists for Claims That Have Not Yet Become Lawsuits
Focus Column - Insurance Law - By Jordan Stanzler - For more than 35 years, California courts have held that insurance companies have a duty to settle claims prior to litigation. That principle is fundamental to insurance law and is recognized nationwide. If an insurer wrongfully refuses to settle a covered claim - before the claim turns into a lawsuit - then the insurer may be held liable for its bad faith refusal to settle.
Insurance Law
By Jordan Stanzler
For more than 35 years, Cal...
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