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Insured may Accept “Fair and Reasonable” Settlement without Insurer’s Consent

An insured did not forfeit its insurance coverage when it reasonably settled a lawsuit without the insurer’s consent, where the insurer had defended the suit subject to a reservation of rights, the Pennsylvania Supreme Court held in Babcock & Wilcox Co. v. American Nuclear Insurers.

By | 2017-05-19T22:51:27+00:00 August 11th, 2015|Categories: Civil Litigation, Insurance|Tags: , , , , , , , , |Comments Off on Insured may Accept “Fair and Reasonable” Settlement without Insurer’s Consent