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If an insurance company wrongfully refuses to defend an insured, it may run the risk that the insured allows a consent judgment to be entered against it. Should this occur, the insurer who is found to be in default of its defense obligation may have to pay the consent judgment that was issued.
Insurance Industry News from ProgramBusiness.comGE Commercial Insurance
Storefront Onwer GE Commercial Insurance http://www.programbusiness.com/tracking/sftracker.asp?SFid=213, part of the GE ERC family of companies, is one of the largest commercial lines insurers in the United States. In 2001, we wrote over $2.1B of net premium.* With over 100 years of experience, financial strength, and the business acumen of GE, we help our clients succeed.
GE Commercial Insurance's P&C Select Group offers real value to our distribution partners. Program business is a cornerstone of our business strategy and we understand the critical issues faced by Program Managers.
GE Commercial Insurance has a $900MM Niche Property and Casualty Program business built on:
Clarity of Mission
Consistent Disciplined Processes
We provide primary commercial property and casualty coverages through Westport Insurance Corporation (admitted) and First Specialty Insurance Corporation (non-admitted). We write niche customer groups and specialty product programs.
We're an experienced carrier that is consistent in our decisions, supportive of growth, and easy to do business with. Below are just a few of the Programs that we offer:
School Bus and Limousine
*Source: NAIC statutory financial information, Thompson Financial Services.
For more information, visit their storefront at http://www.programbusiness.com/tracking/sftracker.asp?SFid=213.
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