Primary Insurer Acted In Bad Faith, Must Pay Excess Insurer For Settlement

(July 19, 2018, 1:45 PM EDT) -- LAS VEGAS — A primary auto insurer must reimburse an excess insurer for the settlement of an auto liability claim that exceeded the primary policy’s coverage limit because the primary insurer acted in bad faith in failing to settle the claim within the policy limits when it had the opportunity to do so, a Nevada federal judge said July 5 (Colony Insurance Co. v. Colorado Casualty Insurance  Co., et. al., No. 12-1727, D. Nev., 2018 U.S. Dist. LEXIS 111818)....