In Attorneys Liability Protection Society, Inc. v. Ingaldson Fitzgerald, P.C. (Sept. 23, 2016) 2016 WL 5335036, Attorneys Liability Protection Society (ALPS), a risk retention group chartered in Montana, provided malpractice insurance coverage to an Alaskan law firm, Ingaldson Fitzgerald, P.C. A former client sued Ingaldson relating to the withdrawing of fees and costs against a retainer, alleging claims for restitution, reimbursement, disgorgement and conversion.
Continue ReadingLiability Risk Retention Act Preempts Alaska Statute Prohibiting Insurers From Seeking Reimbursement of Defense Fees
Insurer Held Liable For Excess Of Limits Judgment Despite The Insurer’s Policy Limits Settlement Offer
In Barickman v. Mercury Casualty Company (July 25, 2016) 2 Cal.App.5th 508, an auto insurer which offered its full policy limits of $15,000 per person/$30,000 per accident to the two pedestrians injured when the intoxicated insured ran a red light and struck the claimants in a cross-walk was nonetheless held liable for a $3 million stipulated judgment against the insured. The issue in the case was whether the insurer’s rejection of a modification to the settlement agreement requested by the claimants’ counsel was reasonable.
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