California Court of Appeal Rejects Insurance Company's Attempt to Cap and Arbitrate Damages

This decision should serve as a wake-up call to insurance companies, as their failure to provide a timely defense by the policyholder's independent counsel may entitle the policyholder to recover its full defense costs, rather than the more limited costs provided by statute.

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Published In: Alternative Dispute Resolution (ADR) Updates, Finance & Banking Updates, Insurance Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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