This takes away some of the tools to force settlement that would otherwise be
available against an insurance company.
Not exact matches
Environmental disasters, such as the offshore spill in Santa Barbara and the water quality problems in Flint, Michigan, coupled with more aggressive government regulation (prior to 2017), have also led
insurance companies to demand higher premiums and deductibles, and to refuse types of coverage that used to be routinely
available, such as «cost - cap» environmental coverage, which protects
against cost overruns for the remediation of polluted sites.
Moshe, through his insurer, Intact
Insurance Company, argued that his policy was not
available under section 277 because a claim had not been made
against him directly by the plaintiffs.
While there is no bar to an injured party proceeding directly
against the defendant regardless of
insurance coverage, it is usually in the best interest of the injured person for the
insurance company to be involved because of the additional financial resources
available.
This simply means that if the
insurance company spends $ 50,000 in legal fees to defend or settle a claim
against you, that money is separate and apart from the limit of money
available to pay the claim
against you.