Another Insurance Settlement With N.Y. Attorney General Spitzer

When I attend insurance coverage conferences or seminars I’m sometimes disappointed by the rah-rah tone, as if everyone present is supposed to buy into the thinking that whenever insurance companies win everyone in the room should rejoice.  There has to be a measure of objectivity and empiricism in the study of coverage, and I’m suspicious of partisan boosterism.  It’s also helpful to understand the other side and acknowledge when they have a point.  For example, policyholder attorneys look at this kind of settlement and figure insurance companies have all the money in the world, if only the right pressure is applied.

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