SELF INSUREDS MUST PERFORM THEIR CONTRACTUAL DUTIES BEFORE THE INSURER STEPS IN: A LESSON FROM THE ELEVENTH CIRCUIT
Insurers who issue liability policies that include self-insured retentions (SIRs) have limited obligations to their insureds unless and until the damages and claim expenses exceed the SIR amount. So, what happens if the insured does nothing to defend themselves, resulting in the entry of a default judgment in an amount exceeding the SIR? Under Georgia…
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