Business Services Industry
Paying part of legal tab: policyholder required to repay part of defense costs: Court. (California Supreme Court)
Business Insurance, August, 1997 by Lenckus, Dave
LOS ANGELES - In a potentially costly defeat for policyholders facing liability lawsuits, the California Supreme Court has ruled that general liability insurers' duty to defend policyholders does not mean insurers are responsible for the entire defense. Upholding a state appellate court ruling, the Supreme Court on July 24 ruled that insurers that defend their policyholders against all allegations in a lawsuit later may seek reimbursement from policyholders for the cost of defending claims that their policies potentially do not cover.
Policyholder attorneys said the court, normally a pro-policyholder forum, has weakened insurers' duty-to-defend obligation under comprehensive and commercial general liability policies. One insurer attorney said the decision merely...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
