Insurer’s Failure to Accept Policy Limit Demand That Preserved Claimants’ Right to Recover Criminal Restitution Against Insured Renders Insurer Liable for Subsequent “Excess Judgment”
A liability insurer’s failure to accept a policy limit demand that preserved the claimants’ right to recover court-ordered criminal restitution against the insured rendered the insurer liable for the full amount of a subsequent “excess judgment” entered against the insured. … Read More