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Insured's Settlement Made Without Insurer's Approval Deemed Not Binding

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COLUMBIA, S.C. - A South Carolina federal judge on March 21 held that because a policyholder entered into a settlement agreement without his insured's consent, that agreement was not binding on the insurer and never triggered coverage under his policy (Peak Property and Casualty Insurance Corp. v. Thomas Davis, et al., No. 3:12-cv-01689, D. S.C.; 2013 U.S. Dist. LEXIS 39406)....(read more)

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