Policy Requires Final Judgment Or Settlement Before Suit, Panel Affirms

Mealey's (March 11, 2021, 1:31 PM EST) -- ATLANTA — The 11th Circuit U.S. Court of Appeals on March 9 affirmed a lower court’s dismissal of an equipment rental company insured’s bad faith failure-to-settle lawsuit against its insurer, noting that the Georgia Supreme Court has interpreted nearly identical policy language as requiring a final underlying judgment or settlement before a party can bring a coverage suit....