| In This Issue |
Defense Under a Reservation of Rights: Duty to Settle within Policy Limits?
Duty at the Time of Auto Renewal: Is the Insurance Agent Burdened with an Ongoing Duty of Surveillance?
Insurance Agency Prevails on Agency Argument |
| Meet Our Insurance Law Group | |
Associates
Joseph J. Arcata, III
Katie Lewis Bordeau
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Defense Under a Reservation of Rights: Duty to
Settle within Policy Limits?
 It is well-settled that an insurer has an obligation to accept a good-faith settlement offer within its policy limits. See Grand Sheet Metal Products Co. v. Protection Mut. Ins. Co., 34 Conn. Sup. 26 (Conn.Super. Feb. 24, 1977) citing, Hoyt v. Factory Mut. Liability Ins. Co. of America, 120 Conn. 156 (1935). However, what is the insurer's duty to settle within its policy limits when it has undertaken the insured's defense under a reservation of rights and the case contains claims for punitive damages?
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Duty at the Time of Auto Renewal: Is the Insurance Agent Burdened with an Ongoing Duty of Surveillance?
With regard to the standard of care of an insurance agent, Connecticut law, at present, does not distinguish between the duty of an agent at the time of procurement of coverage and the duty of an agent at the time of automatic renewal. The three leading Connecticut decisions concern only an agent's duty at the time the agent initially secures coverage. |
Insurance Agency Prevails on Agency Argument
By Tracy L. Montalbano, Esq.
 In Robert J. Trez v. International Water Safety Foundation, et al, Attorney Tracy L. Montalbano, of Halloran & Sage's Insurance Coverage Group, successfully obtained judgment in favor of the defendants, an insurance agency and agent, following a courtside trial before Judge William Mottolese in the Connecticut Superior Court Judicial District of Norwalk at Stamford. |
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