Crisci v. Security Insurance Company
In Crisci v. Security Ins. Co., 66 Cal. 2d 425, 58 Cal. Rptr. 13 (1967), Crisci, an underinsured landlady, was sued by a tenant who fell on a staircase. Her liability policy had a limit of $10,000, which was 25% of the $40,000 claimed damages. However, prior to trial the tenant’s demand was substantially reduced and he expressed a willingness to settle the case for $10,000. In spite of strong evidence of both liability and substantial damages, the defendant insurance company refused to settle for more than $3,000.
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