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Court: Maryland Guaranty Is Liable For Insolvent Insurer's Settlement Of Claim

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ANNAPOLIS, Md. - Maryland Property & Casualty Insurance Guaranty Corp. (PCIGC) is liable to claimants for twice its statutory limit of liability on a claim for a single bodily injury under an insolvent insurer's policies, a Maryland appeals panel affirmed April 25, also finding that PCIGC is limited in its right to contest settlements entered into between a claimant and an insolvent insurer (Maryland Property & Casualty Insurance Guaranty Corp. v. Belinda Beebe-Lee, et al., No. 64, Md...(read more)

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