Scott Seaman Provides Analysis on Insurance Contract Exhaustion in Law360

June 12, 2015

Scott M. Seaman, Chicago partner of Hinshaw & Culbertson LLP, provided knowledge and insight in the article, "The Tiring Terrain of Insurance Contract Exhaustion," published on Law360 on June 12, 2015.

Scott points out that "examination of proper exhaustion may involve multiple considerations depending upon the facts of the claim," the "threshold exhaustion issue" is whether the exhaustion is vertical or horizontal under the controlling law. Other common issues Scott examines are the understanding and application of the various limits of liability, proper cost characterization, and whether or not functional exhaustion is permitted. Scott notes, that "though court intervention is sometimes required, in most instances, insurers and policyholders are able to work through issues of exhaustion."

Read the full article, "The Tiring Terrain of Insurance Contract Exhaustion," on Law360's website. Please note, a subscription is required to access the article.

Hinshaw & Culbertson LLP is a U.S.-based law firm with offices nationwide. The firm's national reputation spans the insurance industry, the financial services sector, professional services, and other highly regulated industries. Hinshaw provides holistic legal solutions—from litigation and dispute resolution, and business advisory and transactional services, to regulatory compliance—for clients of all sizes. Visit www.hinshawlaw.com for more information and follow @Hinshaw on LinkedIn and X.