ELGIN, Ill. - An insurer was obligated to credit a policyholder's excess balance to an amount due rather than canceling the policy for nonpayment, an Illinois appeals panel found March 29, upholding a lower court's ruling that the insurer breached its contract by not defending the insured in an underlying lawsuit (Auto-Owners Insurance Co. v. Merle Yocum, et al., No. 2-11-1267 and 2-12-0092, Ill. App., 2nd Dist.; 2013 IL App (2d) 111267; 2013 Ill. App. LEXIS 180)....(read more)![]()
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