Jennifer Kennedy-Coggins, a member in the Global Insurance Group, writes an article titled "Addressing Policy Limit Challenges and Avoiding Bad Faith Claims" in Property Casualty 360. Insurers facing policy limits demands must act cautiously under even the best of circumstances to avoid threats of bad faith. The situation becomes far more complicated when the insurer receives a policy limits demand and it insures multiple insureds and/or additional insureds. Complete chaos can ensue when an insurer has multiple insureds and/or additional insureds, and the claimant’s counsel is only willing to release one insured and/or additional insured for the insurer’s available policy limits.
To read the article, click here.