Insurance
Dec. 2, 2003
Keeping Insurer Informed Is Best Strategy for Policyholder
Focus Column Insurance Law By Mary Craig Calkins Policyholders pay high premiums to insurers to protect against losses. The protection comes in two forms. Liability policies typically provide a "duty to defend," covering attorney fees and costs that the policyholder incurs in defending a potentially covered claim. A liability insurer's separate "duty to indemnify" requires it to pay judgments or settlements against the insured.
Insurance Law
By Mary Craig Calkins
Policyhold...
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