Colorado Supreme Court Decides Insurers Defending Under Reservation May Not Intervene in Underlying Suit as a Matter of Right and Takes the Opportunity to Address the Practice of Assigning Coverage Claims

Colorado Supreme Court Decides Insurers Defending Under Reservation May Not Intervene in Underlying Suit as a Matter of Right and Takes the Opportunity to Address the Practice of Assigning Coverage Claims

A recent decision of the Colorado Supreme Court clarifies insurers’ rights and promises to impact significantly the practice of insureds assigning coverage claims to third-party claimants. Auto-Owners Insurance Company v. Bolt Factory Lofts Owners Association, Inc.,...