Reid Ruling Ignores Calif. Precedent

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...
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