Insurer Can't Pass Settlement To Other Carrier, 5th Circ. Rules

By Jennifer Mandato · December 19, 2023, 4:11 PM EST

An Argo Group unit cannot shift some of an undisclosed settlement to the other participating insurer, a unanimous Fifth Circuit panel said, finding the latter is responsible only for the damage...

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Documents

Case Information

Case Title

Colony Ins v. First Mercury Ins

Case Number

22-51114

Court

Appellate - 5th Circuit

Nature of Suit

4110 Insurance

Date Filed

December 23, 2022