Tag: Colorado

The 10th Circuit Reminds Policyholders that Insurance Carriers May Not Be Required to Show Prejudice Under a “Claims-Made” PolicyApr 21, 2015

The 10th Circuit Court of Appeals recently issued a decision that serves to remind policyholders that the insured’s duty to provide timely notice may be treated differently under a “claims-made” policy. Specifically, the 10th Circuit held that insurance carriers may not be required to show that they have been prejudiced by a policyholder’s failure to give “prompt” notice before denying coverage under a “claims-made” policy. While many jurisdictions adhere to…

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Colorado Bad Faith Statute Unambiguously Applies to CGL PolicyholdersMar 23, 2015

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…

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