Insurance
Jan. 19, 2001
'Cumis' Critics
Every day, companies purchase insurance to pay defense costs should they become embroiled in litigation, and most companies assume that their insurer will protect them. Many companies contend, however, that insurers use the Cumis statute (Civil Code Section 2860), to avoid paying reasonable fees for independent legal representation if litigation ensues.
Every day, companies purchase insurance to pay defense costs should they become embroiled in litigation, and most companies assume that their insurer will protect them. Many companies contend, however, that insurers use the Cumis statute (Civil Code Section 2860), to avoid paying re...
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