5th Circuit Finds Accepting Settlement For Only 1 Insured Did Not Breach Contract

NEW ORLEANS - Even though a settlement reached between claimants and insurers in an underlying negligence lawsuit included a release for only an additional insured and not the named insured, a Fifth Circuit U.S. Court of Appeals panel on Feb. 6 found the insurers' acceptance of the settlement demand to have been reasonable and not in breach of the insurance contract (Pride Transportation v. Continental Casualty Co., et al., No. 11-10892, 5th Cir.; 2013 U.S. App. LEXIS 2575).Full story on lexis.com