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Expert Analysis

Babcock And Beyond: Pa.'s Consent To Settlement Standard

Law360, New York (August 7, 2015, 1:38 PM EDT) -- On July 21, 2015, the Pennsylvania Supreme Court issued its much-anticipated decision in Babcock & Wilcox Company et. al. v. American Nuclear Insurers et. al., No. 2 WAP 2014, A.3d. (Pa. July 21, 2015). The court resolved an issue of first impression that is critical for insurance policyholders: When an insurer is defending under a reservation of rights, can the insured enter into a reasonable settlement without the insurer's consent and still preserve coverage for the settlement amount?...

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