California Supreme Court's Pitzer Opinion Unearths New Opportunities to Revisit Prior Insurer Denials of Policy Benefits

California Supreme Court's Pitzer Opinion Unearths New Opportunities to Revisit Prior Insurer Denials of Policy Benefits

When insurers deny a defense and the law changes, or is clarified in a way that is contrary to positions insurers relied upon in denying a defense, the opportunity arises to revisit coverage denials. Many policyholders and their counsel overlook this readily available source of funding for ongoing litigation or settlements. We refer to this as “buried treasure.”

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