For Policyholders, Communication With Carriers Is Key
July 24, 2012, 1:12 PM EDT
Law360, New York (July 24, 2012, 1:12 PM EDT) -- Two recent Wisconsin decisions — one from the Supreme Court and the other from the Court of Appeals, District IV — highlight the need for communication between policyholders and insurers early in the claims-handling process. From the standpoint of policyholders, such communications can prevent future disputes, unexpected costs and conflicts of interest.
Reserving Rights is Not a Prerequisite to Contesting Coverage: Maxwell v. Hartford Union High School District, 2012 WI 58.
Policyholders reasonably assume that liability insurers who provide a defense without reserving rights to contest...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.