BarbriSFCourseDetails

Course Details

This CLE webinar will discuss how to manage coverage, liability, and settlement issues that arise when a single policyholder is sued multiple times and has been insured by numerous insurers. The panel will review how to resolve which insurers must defend and defense sharing agreements, best strategies for coordinating and managing the defense, issues arising from efforts to settle the underlying liability suits, strategies when an insurer will not agree to fund a judgment or settlement, subrogation issues, and more.

Faculty

Description

Seemingly intractable problems can arise when a single defendant has been sued multiple times and may have coverage for some or all matters from multiple insurers. Often there is considerable debate over the defendant's liability and insurers' duty to defend claims and in which courts. Subrogation and indemnity considerations often permeate negotiations.

Efforts to resolve underlying matters, whether by settlement or otherwise, are complex and require advanced strategies to prevent misunderstanding and insurers from working at cross purposes. Insurers must often convince plaintiffs in the litigation and their fellow insurers about the reasonable value of various claims. Insurers must always be ready with strategies when an insurer refuses to fund a judgment or settlement.

Listen as this esteemed panel of seasoned insurance counsel guides attendees in managing coverage, liability, and settlement issues that arise when a single policyholder is sued multiple times and has been insured by numerous insurers over time.

Outline

  1. Overview
  2. Duty to defend and defense costs
  3. Duty to settle, mediation, and insurer consent
  4. Duty to indemnify: managing the unwilling insurer
  5. Subrogation issues

Benefits

The panel will review these and other key issues:

  • What solutions exist for identifying who has the duty to defend and cover defense costs?
  • What are the coverage implications of establishing a reasonable settlement value?
  • If joint and several liability is not available, how are damages allocated?
  • What happens after the insurer pays a judgment or a settlement of the underlying lawsuit but believes the insured had a claim against some other party for the loss?