In this case an insurer went after its insured to recoup monies it had paid (over policy limits) as part of a settlement. UP argued that because the insurer had initiated the settlement and because there was no right of restitution expressly stated in the policy, it could not recoup. In a significant opinion favorable to policyholders, the Utah Supreme Court agreed.
United States Fidelity and Guarantee Co. vs. United States Sports Specialty Association
Year
2009
Court
Utah Supreme Court
Case Number
20090657-SC
Issue
- Duty to Settle
State
- Utah