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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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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