- The InterContinental Chicago, 505 North Michigan Avenue, Chicago IL 60611
- 22 September 2021, 6:30 PM EDT
- 24 September 2021, 12:30 PM EDT
Join Reed Smith partner, Jim Cooper, for his panel on September 23, entitled "Recent Developments in Excess Judgment Liability."
There are fine points, which vary among jurisdictions, such as (1) does the insurer have a duty to make offers or only to respond to demands, (2) what are the insurer’s obligations when there are multiple claimants and inadequate limits, (3) what are the insurer’s obligations when the plaintiff seeks information about the insured’s assets or other possible sources of funding, and (4) what reliance, if any, may the insurer place on counsel’s statements about minimum requirements for an acceptable settlement. Aldana follows in the wake of Harvey v. GEICO Gen. Ins. Co., 259 So. 3d 1, 6 (Fla. 2018). This panel will discuss the extent to which pro-policyholder rules prevail in many jurisdictions (and might be followed in jurisdictions that have not yet ruled on the issues) and the problems those rules create; as well as opportunities that such rules may create for policyholders.
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