Insurers should include all necessary documentation when issuing claim settlement checks.
To better navigate this needlessly complex area of law, insurers should have a good grasp on the current legal landscape surrounding the Holt rule, how intended "fixes" may not prevent bad-faith litigation, and best practices and considerations that are available when a Holt demand comes in the door.
This article focuses on a just few of the many potential disputes that may arise with respect to indemnification under Pennsylvania law. Does the indemnification provision apply to claims for a party's own negligence?
The defendants are "liable to Colt's for damages for wrongful failure to defend, in an amount to be proven at trial together with pre- and post-judgment interest, costs, attorneys' fees, and any consequential damages arising from [the defendant's] breach, including but not limited to Colt's legal fees and costs, the value of Colt's lost business opportunities, and any and all sums that Colt's may be required to pay in damages in the Gary Lawsuit regardless of policy limits," the complaint said.
The order addresses grace periods for payment of premiums and performance of duties by insureds, temporary postponement of cancellations and nonrenenwals, and miscellaneous provisions.
Are child safety seats auto equipment or personal property?
When an insured buys a policy after the accident.
This is third in a series of commentaries on the ISO endorsements, with a brief description of the endorsement and its purpose. This commentary addresses the endorsements in Category 20 - Specialized Types endorsements.
Are child safety seats auto equipment or personal property?
The refund will be determined, in part, by the reason for cancellation of the policy.