Liability Insurers Should Beware Time-Limited Demands

By Christian Cavallo, Nicole Crowley and Tim Sheehan (February 25, 2019, 2:04 PM EST) -- In a number of states, a liability insurer that fails to tender its policy limits in response to a time-limited settlement demand — that is, a unilaterally established deadline usually of 30 days — can be liable for a judgment later entered against the insured, even if the judgment exceeds the amount of the insurer's limits....

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