Lindsey Dean Shares Insights on Navigating Partial Releases for CLM Magazine
BatesCarey’s Lindsey Dean, along with Christopher Morrison, head of casualty claims North America for Swiss Re, examine when a primary insurer might settle its defense obligations, but leave open the claim and the excess insurer exposure.
In the article “Full Clarity on Partial Releases,” Lindsey and Chris examine how partial releases are used when the value of a liability claim may exceed the primary insurance limit, but the excess insurer is not yet prepared to settle.
The article details considerations for primary insurers before pursuing a partial release, such as including the excess carrier in settlement negotiations, strict requirements in certain states and the potential for disputes between insurers.
Lindsey Dean is an associate who handles complex disputes involving commercial general liability, professional liability, cyber liability and directors & officers liability claims for both primary and excess insurers.