United States v. Robertson Book Reviews

United States v. Robertson by Ninth Circuit United States Court of Appeals Book Summary

Under California law, the covenant of good faith and fair dealing, which is implied in the contract between an insurance company and the insured, requires that the insurer take reasonable action to settle a claim within the policy limits when there is a substantial likelihood of recovery against the insured of an amount in excess of policy limits should the claimant proceed to trial. The question presented by this appeal is whether an insurance company satisfies that duty if it pays the full amount of a verdict against the insured, including the amount in excess of the policy limits, before the judgment against the insured becomes final, where the earlier failure to settle within policy limits injures the insureds credit standing, results in economic injury by causing the insured to enter bankruptcy, and produces other consequential damage.

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United States v. Robertson (Ninth Circuit United States Court of Appeals) Book Reviews 2024

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