7th Circuit Reverses Ruling In Broker’s Favor In Insurer’s Indemnification Suit

(August 8, 2024, 2:02 PM EDT) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals reversed a lower federal court’s grant of summary judgment in favor of an insurance broker in an insurer’s lawsuit seeking indemnification for its settlement of an underlying personal injury lawsuit brought against the Tampa Bay Buccaneers by a former player, finding that the insurer was not required to provide the broker a tender of defense as a condition precedent to indemnification for settlements with potential liability....