With the inclusion of a "consent to settle" clause in an insurance policy, you as an insurer can require the insured to obtain written consent from you before settling a legal claim related to the policy. You can also include a "no action" clause that shields you from legal action from the insured party in the event that the party doesn't fully comply with the terms of the policy.
Meritless bad faith claims against insurance companies can drive up costs for other people who need the protection of a good insurance policy. It is in the best interests of insurers and policyholders to resolve these disputes in the most cost-efficient way possible.
Insurance law is extremely complex, and insurance companies benefit a great deal from having experienced legal counsel to resolve coverage disputes and defend against a wide variety of tort liability claims. Attorneys at Landrum & Shouse LLP have long represented insurers throughout Kentucky in a range of matters related to tort liability, including claims of bad faith.