Larry Golub Quoted in Law360 Article on Ninth Circuit Decision

March 23, 2017

Larry Golub, a Los Angeles-based partner in the Insurance Services practice at Hinshaw & Culbertson LLP, was quoted in Law360's article, "9th Circuit Buoys Policyholders in Excess Settlement Fights," published on March 22, 2017.

The article discusses a Ninth Circuit decision that follows a 25 year-old California intermediate appellate decision which held that an insurance carrier, when faced with a settlement demand above the primary carrier’s limits, must either approve a policyholder's settlement of a covered claim, take over the insured's defense from the primary, or face a lawsuit from the insured. Golub stated that the ruling "doesn't square with general principles regarding the duties of primary and excess carriers." He goes on to explain that, "[allowing] a primary carrier to artificially exhaust its limits . . . results in throwing by the wayside certain established rules."

Read the full article, "9th Circuit Buoys Policyholders in Excess Settlement Fights," on the Law360 website. Please note, a subscription may be required.

Hinshaw & Culbertson LLP is a U.S. law firm with 450 attorneys located in 11 states and London. Founded in 1934, the firm has a national reputation for its insurance industry work, its representation of professionals and law firms, and its closely coordinated business advisory, transactional and litigation services. We serve clients ranging from emerging and middle-market businesses to Fortune 500 companies, as well as governmental and public sector clients.