Insurance 101 – Chapter 11 – Volume 16 – Crisci v. Security Insurance Company

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.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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