Previously I posted on a car accident case involving an underinsured motorist claim. We've made progress on the case. The other car's insurance offered their 50K policy. The underinsurance carrier (my client's insurance company) refused to consent to the settlement. They have now advanced the $50K that would have been paid by the other carrier. Next we will see if they'll pay the other $50K that comes from the underinsurance. They will also have the right to control the litigation against the other car.
They refused to consent because they believe the other driver has significant assets. I expect they will sue the other driver, collect the $50K they advanced from his carrier, and try to collect the $50K they'll pay us from the other driver himself. That's a good reason to have a lot of insurance.
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