Larry Golub Quoted in Law360 Article on Ninth Circuit Decision
Larry Golub 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.