Because contribution is an excellent way for an insurer to recoup some of the damages that it pays on a particular loss, consideration should be given to separate policies that an insured or other entity may maintain on the same risk, property and/or interest, so that contribution may be pursued...
Ohio’s Joint and Several Liability Laws
Ohio’s joint and several liability laws have undergone some recent changes. Effective April 9, 2003, Am. Sub. S.B. 120 renumbered, repealed, and revised the existing Revised Code sections dealing with contributory fault, rights of contribution and related Code provisions.
Ohio’s Right of Contribution From a Joint Tortfeasor
Contribution, when it exists, is the right of a person who has been compelled to pay what another should pay in part to require partial (usually proportionate) reimbursement and arises from principles of equity and natural justice.
Other Insurance Clause is Excess…Really
Other insurance clauses, also known as excess clauses, seem to appear in every case with concurrent coverage under multiple policies. This common situation presents itself when an insured is driving a car owned by a friend or family member. Each insurance policy provides coverage for the accident, but both policies...
Claims Against Interstate Bankers Casualty Company
The Illinois Insurance Guaranty Fund is now responsible for all obligations related to claims against IBC insureds that had been pending. Contact one of our Chicago, Illinois subrogation attorneys if you have any questions about IBC, liquidation, or other pending claims.