A recent federal court decision reinforces that Colorado’s bad faith statute unambiguously applies to CGL policyholders. Insurers have previously argued that the statute is limited to first party insurance only. CGL policyholders involved in disputes governed by Colorado law should be aware that the statute may provide a remedy if the insurer fails to act in good faith.
Read more here from Law360: Nat’l Union Can’t Nix Bad Faith Claims In $5M Defect Suit
Mar 23, 2015
Gregory D. Podolak