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13 Mar 2014, 8:01 am by Mark S. Humphreys
To win in a "Stowers" case, it is the burden of the Plaintiff to show that a reasonable a prudent person (insurance company) would have settled the case rather than expose the insured to an excess judgment. [read post]
22 Feb 2018, 7:30 am by Joe Consumer
The law has saved California motorists over $100 billion “by regulating insurance companies to limit price gouging, profiteering, inflated executive salaries and other unjustified expenses. [read post]
4 Feb 2009, 5:36 pm
Remember if you are in a wreck normally the insurance company will NOT tell you what the insurance limits are of the person who caused the wreck. [read post]
5 Sep 2023, 7:11 am by Melody Lanier
Drivers often have the option to purchase insurance with higher limits, which can provide additional protection in the event of a serious accident.If the cost of an accident exceeds the policy limits, the at-fault party could potentially be held personally liable for the excess amount. [read post]
5 Sep 2023, 7:11 am by Melody Lanier
Drivers often have the option to purchase insurance with higher limits, which can provide additional protection in the event of a serious accident.If the cost of an accident exceeds the policy limits, the at-fault party could potentially be held personally liable for the excess amount. [read post]
15 Sep 2016, 6:59 am by Patrick M. McDermott
” On the first issue, the court found that the pump companies had obtained valid assignments of the insurance rights. [read post]
7 Feb 2011, 1:21 pm by Cailie Currin
The NY Insurance Department today issued Circular Letter 5 (2011) establishing disclosure rules for excess withdrawals under GMWB riders. [read post]
8 Jan 2008, 4:23 pm
 The Third and Fourth Excess Insurers took the position that there was either no coverage available to the Insured Company, or there were exclusions applicable with respect to the claims for which the Insured Company sought indemnification by virtue of the terms of the policies of insurance. [read post]
11 Jan 2022, 11:31 am by Evan Schwartz
Umbrella insurance, also known as excess liability insurance, is a type of personal liability insurance designed to protect people who own significant assets from an excess liability event. [read post]
11 Oct 2019, 12:47 pm by Unknown
  Id.[4]ConclusionAn insurance company must consider the risks when it has a reservation of rights and denies a settlement for its insured within the policy limits. [read post]
11 Sep 2013, 1:07 am by Kevin LaCroix
  Among the survey respondents reporting an increase in limits purchased, the most common reason for the increase was to buy a separate tower of A-Side insurance or to an excess layer of A-Side protection. [read post]
18 Oct 2007, 3:13 pm
  Judge Briscoe rejected the majority’s conclusion that the umbrella language referring to the “applicable limits of the underlying policies” merely set a dollar threshold at which point the excess carrier should pay, declaring instead that the language was clear that it was only intended to imply in excess of the retained limit, being the greater of the total amount of the limits of the underlying policies or the… [read post]
31 Mar 2010, 12:03 pm by Robert Elliott, J.D.
    For example, you decide your company can afford the cost of paying almost all work comp claims, but do not want to be on the hook to pay claims where the total cost exceeds the company’s set $500,000 limit. [read post]
27 Feb 2007, 5:00 am
"We now hold that in order for an insured or an assignee of an insured to recover the amount of a verdict in excess of the applicable insurance policy limits from an insurer pursuant to this Court's decision in Shamblin, the insured must be actually exposed to personal liability in excess of the policy limits at the time the excess verdict is rendered," Maynard wrote. [read post]
16 Mar 2016, 5:20 pm by Kevin LaCroix
  The primary carrier ultimately paid its $15 million policy limit, but the excess carrier denied coverage for the claim because of the late notice. [read post]
16 Oct 2016, 5:51 am by Mark S. Humphreys
Mineral Wells insurance lawyers know that when making a pre-suit demand on an insurance company that making an excessive demand can be more harm than good. [read post]
9 May 2014, 5:00 am by Lawyer Jim
  In the end we obtained a result that was well in excess of Universal Casualty Company's policy limits. [read post]