Taking the Right Steps To Navigate the Consent To Settle Provision in an Insurance Policy and Maintaining the Right to Coverage Even After a Stumble
By EsqSocial Corporation 26/12/24
Insurers often try to withhold, or at least minimize, coverage by taking the position that a policyholder has failed to keep the insurer sufficiently informed throughout the defense of an underlying matter or has failed to secure the insurer’s consent before settling a claim. Policyholders find themselves in this predicament when they overlook the “cooperation” and “consent to settle” provisions within their policies at the outset of a claim and remember their insurance rights on the eve of...
By: Lowenstein Sandler LLP