Seyferth Blumenthal & Harris LLC (SBH) attorney Nick Daugherty recently authored an article published with Insurance Journal, considered the most-read national property and casualty publication for independent insurance agents and brokers.
In the article, Daugherty discusses two separate recent rulings in the Missouri Court of Appeals that seem to effectively strip any practical effect from a Missouri amendment meant to provide protections to insurers. Specifically, insurers are potentially unable to guarantee a right to intervene in a court arbitration proceeding involving the insured.
The applicable statute was amended to provide the insurer written notice of any agreement related to claims for damages and to give 30 days for intervention before a judgment could be entered, potentially exposing the insurer to damages beyond the policy limits.
The full article, titled “Idea Exchange: Missouri Court Rulings Conflict with Insurer Right to Intervene Protections,” can be read at this link.
Daugherty’s practice at SBH focuses on commercial litigation and counseling in all stages of litigation, with an emphasis on insurance-related issues. He represents insurers in various coverage-related cases.