policy limit News

9th Circuit: ‘Improper Erosion’ of Policy Limits No Grounds for Denial by Excess Insurer

Unless fraud or bad faith is involved, no policyholder should be expected to justify its reasons for making payments to settle litigation as a condition for making a claim under an excess insurance policy, the 9th Circuit Court of Appeals …

Manufacturer’s Flood Claim Hinges on Definition of High-Hazard Area

For the second time, a federal appellate court reversed a trial judge’s finding that a policy issued by a unit of American International Group did not limit coverage for a 2011 flood that forced the company to shut down an …

West Virginia Logging Suit Settled

The Kanawha County Parks and Recreation Commission has settled a civil lawsuit related to a park logging operation after the 2012 derecho. The Charleston Daily Mail reports the commission voted recently to settle the lawsuit filed against David Russell Bowen’s …

New York Court Finds Excess Insurer Responsible for Judgment Interest

The Court of Appeals of New York recently held that an excess insurer was responsible for all interest on a judgment after the primary insurer paid its policy limits. The decision offers an important ruling on the duties of primary …