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.
U.S. Fidelity And Guarantee Co. V. U.S. Sports Specialty Ass’n
Year
2011
Court
Utah Supreme Court
Case Number
WL 192793
Issue
- Duty to Settle
State
- Utah