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IL – STATUTORY BULLETIN – New Illinois Law Requires Increased Transparency Between Auto Insurers and their Policyholders in Total Loss Claims
Recently, Illinois' Governor signed into law House Bill 5559, which created 215 Ill. Stat. 5/154.10, entitled "Description of the determination of a total loss of a vehicle." Under the new law, when the insurer has determined that the insured vehicle is a total loss, the insurer must provide the insured with a brief description of how that determination was made. The new law will apply to policies issued or renewed on or after July 1, 2025.
MO - UIM COVERAGE - UIM Insurer Could Set Off Amounts Insured Recovered from Tortfeasor
The policy language was unambiguous and clearly stated that the UIM coverage limit would be reduced by payments from other sources.
GA - ESTOPPEL - Insurer Was Not Estopped from Denying Coverage
The court found estoppel only applied if the insurer had assumed or continued a defense with actual knowledge of noncoverage and the insurer in this case never undertook a defense so did not assume or continue one with knowledge of noncoverage.
MO - UIM COVERAGE - UIM Insurer Could Set Off Amounts Insured Recovered from Tortfeasor
The policy language was unambiguous and clearly stated that the UIM coverage limit would be reduced by payments from other sources.
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