The claimant’s counsel makes a policy limit demand. After receiving authority to settle for the liability limits, you tender the policy limit and your company’s standard Release. Claimant’s counsel rejects the Release. Instead, counsel insists on a Covenant Not to Execute. Why would the attorney do that? This post will hopefully give you more information […]
The Attorney And The Hospital Have Competing Liens. How Can The Company Safely Settle?
August 4, 2016 by
You are familiar with this scenario. The claimant is willing to sign a release in exchange for your insured’s policy limit. However, the claimant, the attorney and the hospital, all legitimate lienholders, can’t agree on how to divide up the money. Sometimes there is just not enough money to go around. It seems like a […]
