When an excess clause is given effect, the insurer is not liable for any part of the loss or damage covered by other insurance except for the amount of loss or damage in excess of
the coverage provided by the other policy.
13) Some specific examples include: (1) that a demand was made and the amount of the demand; (2) whether the demand is within or in excess of
policy limits; (3) the most recent evaluation by the insurer and defense counsel; (4) all offers made or authorized by the insurer; (5) the insured's right to contribute to the policy limits when a demand is made in excess of
policy limits, without insisting that the insured do so in order to settle the case, and (6) in at least some jurisdictions, advise the insured of the right to retain independent counsel if a given demand is not going to be met by the carrier.
focuses on the issues counsel must consider before the excess liability trial in order to shield the excess carrier from potential bad faith exposure should the underlying case result in a verdict in excess of
policy limits, and
The 8,140 tonne submarine renamed INS Chakra can stay under water for 100 days and can travel at a speed in excess of
9) in which the insurer was found liable for a judgment in excess of
the policy limits after failing to settle the case when the plaintiffs demanded the full $20,000 policy limits.
162(m) limit on deductions for certain executive compensation in excess of
$1 million annually.
Named after an island situated on a tributary of river Kabani in Kerala, INS Karuva, measuring 52 meters in length and displacing 325 tons, can achieve speeds in excess of
For failures to distribute elective deferrals in excess of
11) The fact that the insured will be liable for payments below a certain level should not create a conflict any more than the fact that the insured will be liable for payments in excess of
the policy limit.