policy limits News

Viewpoint: Equitable Subrogation Useful Tactic When Insurer Won’t Settle

Every policyholder will likely face a scenario where its primary insurer refuses a settlement offer within limits. The primary insurer is potentially liable for that excess verdict if it acted in bad faith by refusing to settle within limits. Sometimes, …

Taxable Cost Award Capped by Policy Limits According to Minnesota Supreme Court

Under Minn. Stat. §604.18, insureds are entitled to recover taxable costs when an insurance company unreasonably denies insurance benefits. The statute provides a remedy of one-half of the “proceeds awarded” that are in excess of an amount offered by the …