Insurer Reserving Rights May Collect Settlement Proceeds from Insured
A Texas Supreme Court decision permitting an insurer that defended under a reservation of rights to recover sums the insurer paid to settle an uncovered multi million dollar claim is summarized by the Insurance Crawl.
The decision underlines the potential rain wreck that can occur when an insured allows an insurer to defend under a reservation of rights providing an insurer the right to reimbursement if there is no coverage, a subject I discussed in an earlier post.
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