Larry Golub Comments on Disputes Between Primary and Excess Insurers in Law360 Article
Larry M. Golub, a Los Angeles-based partner in the Insurance & Reinsurance practice at Hinshaw & Culbertson LLP, provided comments in the article, "'Green Lantern' Ruling Pressures Primary Insurers To Settle," published by Law360 on August 10, 2016.
The article discusses a California appeals court's recent ruling that an excess insurer forced to pay part of Warner Bros.' settlement with an injured "Green Lantern" crew member can go after a primary insurer that refused to settle within its policy limits. The panel's decision will lead primary insurers to think carefully before refusing to settle within their policy limits, "The case underscores why settlements, and not just judgments, should be able to be used to support an equitable subrogation claim. Otherwise, an insured or excess insurer wouldn't have recourse when a primary insurer improperly refuses to settle a claim within policy limits," said Mr. Golub.
Read the full article, "'Green Lantern' Ruling Pressures Primary Insurers To Settle," on the Law360 website. Please note a subscription is required.
Larry Golub is a litigator who focuses his practice in a wide range of litigation matters for both insurance and non-insurance clients. With more than three decades of civil litigation experience, his practice includes coverage litigation, class action litigation, regulatory work and an appellate practice.