Insurance
Sep. 17, 1999
New Math
New Math Carriers Have No Duty to Settle to Avoid Punitives By Kurt Andrew Schlichter and Rikka Fountain The California Supreme Court recently ruled that insurers have no duty to settle lawsuits to avoid a punitive damages award against their insureds. PPG Indus. Inc. v. Transamerica Ins. Co. , 1999 Daily Journal D.A.R. 4365 (May 11, 1999). As a result, a plaintiff no longer has the ability to use a potential punitive damages award against the defendant to leverage the carrier into a
By Kurt Andrew Schlichter and Rikka Fountain
The California Supreme Court recently ruled that insurers have no duty to settle lawsuits to avoid a punitive damages award against their insureds. PPG Indus. Inc. v. Transamerica Ins. Co., 1999 Daily Journal D.A.R. 4365 (May 11, 1999). As a result, a plaintiff no longer...
The California Supreme Court recently ruled that insurers have no duty to settle lawsuits to avoid a punitive damages award against their insureds. PPG Indus. Inc. v. Transamerica Ins. Co., 1999 Daily Journal D.A.R. 4365 (May 11, 1999). As a result, a plaintiff no longer...
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