Kelly v. Iowa Mutual Insurance Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that “if the insurance company has breached the contract by wrongfully rejecting a reasonable settlement offer, the insured may accept the settlement offer over the insurer’s objection without breaching policy duties and losing his right to seek coverage.”
• noting that insurer has \no obligation\ to pay settlement amount \in excess of its [policy] limits\
• noting that an insured pays a set premium for a defined amount of liability protection and is therefore at risk for any amounts in exeess of the purchased protection
• noting that an insured pays a set premium for a defined amount of liability protection and is therefore at risk for any amounts in excess of the purchased protection
• holding stipulated judgment enforceable where insurer breached contractual obligation to accept reasonable settlement
• “The bad faith standard is simply not appropriate here, where the issue is one of contractual liability as opposed to extra-contractual liability”

Source: CourtListener parenthetical corpus (CC0).