Questions arise when an insurer is faced with multiple claimants and insufficient policy limits to settle all claims. Join partners Colleen E. Hayes and Thomas M. Wester for a discussion of the approaches various jurisdictions take in response to this issue, and potential steps insurers can take to avoid claims of bad faith.

Intended Audience:

• Claims professionals
• Attorneys

You'll learn:

• Common approaches jurisdictions take when there are multiple claimants and/or insureds and insufficient policy limits
• Potential responses and solutions an insurer can take to limit bad faith exposure when faced with this issue
• Interpleader as a potential vehicle to tender policy limits to the court, its impact on an insurer’s obligations, and recent court cases that have addressed whether this constitutes bad faith