Insurance 101 – Chapter 11 – Volume 77 – Informing Insured of Settlement Negotiations

Informing Insured of Settlement Negotiations

Where the insurer selects defense counsel and determines that there is a risk of a verdict in excess of policy limits, the insurer owes a duty to the insured to advise him or her of its investigation results and settlement  offers and demands.

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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