South Carolina High Court Upholds Offset Ruling In Insolvent Insurer Lawsuit

(September 5, 2018, 3:56 PM EDT) -- COLUMBIA, S.C. — Finding that the South Carolina Property and Casualty Insurance Guaranty Association Act is ambiguous, the state’s high court ruled Sept. 5 that the act requires that settlement amounts be offset from the total amount of an injured party’s damages rather than from a $300,000 statutory cap (Janette Buchanan, et al. v. The South Carolina Property and Casualty Insurance Guaranty Association, No. 2016-002156, S.C. Sup., 2018 S.C. LEXIS 113)....

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