Insights
Ohio Supreme Court Case May Impact Significantly Coverage Case Settlements
By Paul A. Rose on 02/25/2014
As written in the February 2014 Issue of the Cleveland Metropolitan Bar Association Journal
By Caroline L. Marks and Paul A. Rose
Ohio long has permitted wide latitude to parties in structuring and timing settlements of their insurance coverage cases, and this flexibility has served well the interests of policyholders, insurers, and Ohio's courts. Currently before the Supreme Court of Ohio, however, is a case that may as a practical matter alter significantly the abilities of parties in coverage cases to settle in ways that best suit their individual interests and best serve the state's interest in the orderly administration of justice.
Click here to read the rest of the article.
By Caroline L. Marks and Paul A. Rose
Ohio long has permitted wide latitude to parties in structuring and timing settlements of their insurance coverage cases, and this flexibility has served well the interests of policyholders, insurers, and Ohio's courts. Currently before the Supreme Court of Ohio, however, is a case that may as a practical matter alter significantly the abilities of parties in coverage cases to settle in ways that best suit their individual interests and best serve the state's interest in the orderly administration of justice.
Click here to read the rest of the article.
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