When an Insurer Wrongfully Breaches Its Duty to Defend Its

question 3

True/False

When an insurer wrongfully breaches its duty to defend its insured, the insurer is liable for all consequential damages resulting from the breach, up to the value of the policy.

---

Definitions:

Wells Serviced

The number of oil or gas wells maintained, repaired, or serviced by a company over a specific period.

Activity Variances

Differences between expected and actual costs or revenues, often associated with specific activities or operations within a business.

Flights

Scheduled air services transporting passengers or cargo from one location to another.

Passengers

Individuals who utilize transportation services such as buses, trains, airlines, or other modes of transit.