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Seeking to recover a $30 million settlement in a swimming pool negligence case, Lloyd's of London has sued Cozen O'Connor and Carlton Fields for malpractice. The suit contends attorneys failed to advise Lloyd's to pay the policy limit of $1 million to settle, instead of going to trial. Under Florida law, if the insurer pays the policy limit, the carrier faces no further liability. However, if the policy limit isn't paid, the insurer is liable for the entire judgment.
July 02, 2004 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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