1 Analyses of this case by attorneys

  1. 365 Days Later: Lessons Learned from the Pennsylvania Supreme Court

    Reed Smith LLPBrian HimmelDecember 15, 2015

    While much has already been written about the specific holding in each of those cases, policyholders can still learn more from each of the decisions. Now – 365 days later – is a good time to reflect on those lessons:Policyholders can counterbalance their insurers’ bad-faith unwillingness to approve a settlement by assigning their rights to recover statutory bad-faith damages to underlying claimants: In Allstate Property & Casualty Insurance Co. v. Wolfe, 105 A.3d 1181 (Pa. 2014), the court sustained a policyholder’s assignment of its right to recover against an insurer under Pennsylvania’s insurance bad-faith statute (42 Pa. Cons. Stat. Ann. § 8371) to an underlying tort claimant as part of a settlement.