Insurer Asks Nevada High Court To Cap Its Liability To Policy Limits

Mealey's (February 21, 2018, 7:56 AM EST) -- LAS VEGAS — An insurer recently asked the Nevada Supreme Court to expressly hold in answer to a certified question that the liability of an insurer that acted in good faith and did not decline a within-limits settlement opportunity is capped at its contracted-for $1 million policy limit plus any defense costs that were incurred by the insured (Century Surety Co. v. Andrew, No. 73756, Nev. Sup.)....