The California Court of Appeal has held that an insured seeking recovery for breach of contract and bad faith cannot file separate suits against the insurer, and must assert all theories of recovery in a single action. (Lincoln Property Company, … Read More
The California Court of Appeal has held that, under a claims-made policy, a claim is “first brought” at the place the insured receives a third party’s demand letter. (National Cas. Co. v. Sovereign Gen. Ins. Svcs. (2006) 40 Cal.Rptr.3d 591) … Read More
The California Court of Appeal has held that a D&O insurer properly rescinded a policy based on the insured’s material misrepresentation in the application. (TIG Insurance Company of Michigan v. Homestore, Inc. (2006) 137 Cal.App.4th 749) Facts Homestore, Inc. (Homestore) … Read More