Piedmont Office Realty Trust v. XL Specialty Insurance Co. News

Does Policy Provision Stating the Insurer Will Not Withhold its Consent to Settle Unreasonably Vitiate the Consent to Settlement Requirement?

An interesting question recently came before the Georgia Supreme Court. In Piedmont Office Realty Trust, Inc. v. XL Specialty Ins. Co., 771 S.E.2d 864 (Ga. 2015), the insured Piedmont Office Realty Trust, Inc. (Piedmont) had purchased and maintained two insurance …

Georgia Court Rejects Bad Faith Claim Citing Insurer’s Lack of Consent to Settlement

The Georgia Supreme Court denied an insured’s bad faith claim against its insurer for its refusal to pay a settlement because the insured settled on the amount without the consent of the insurer that was required by the policy. A …