Law360, New York (December 20, 2013, 6:49 PM EST) -- A good deal has already been written about the recent Reid case in California, but there is more to be said. On Oct. 7, 2013, Division 8 of the Second District Court of Appeals held in Reid v. Mercury Insurance Company, No. B241154, that although "the insured's liability was clear almost immediately after the collision" and the insurer quickly decided that it "must tender the policy limits to the third-party claimant 'as soon as we have enough [information] available to do so,'" and although the case went to trial and resulted in a judgment in excess of $5.9 million, there was no duty on the insurer's part to initiate settlement discussions and try to settle the case within the $100,000/$300,000 policy limits....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
