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Home / Opinion Digests / Below-Limit Settlement Can Trigger Excess Policy (access required)

Below-Limit Settlement Can Trigger Excess Policy (access required)

An Alexandria U.S. District Court dismisses defendant insurance carrier’s counterclaim against plaintiff business seeking a declaration that plaintiff’s excess insurance coverage has not been triggered because plaintiff has not exhausted its coverage with lower-tier insurance carriers, which did not pay their respective policies’ limits of liability. Plaintiff Maximus holds professional liability insurance policies with five companies, ...