THIS MORNING, A SHARPLY DIVIDED TEXAS SUPREME COURT REVERSED ITSELF and held that excess insurers that disputed policy coverage but settled a claim against an insured don’t have a right to reimbursement for the settlement costs from the insured if the policy does not grant that right. All Texas defense lawyers go to happy hour early. Excess Underwriters at Lloyd.s, London, et al. v. Frank.s Casing Crew & Rental Tools Inc (Tex. Feb 1, 2008).
We will cover this and other big time reversals at our lucky 13th Annual Ultimate Claims Handling Seminar on October 10, 2008 at CityPlace Conference Center in Dallas, Texas. Mark your calendar.
Texas Lawyers, Austin & San Antonio