A vehicle owned and operated by an insured employee, returning from a remote jobsite, fatally struck an 8 year old bicyclist in a driveway to a commercial complex. The bicyclist was riding home from elementary school and it was alleged that the insured driver was texting at the time of the collision. With a verdict range of $2 million to $12 million, the case ultimately settled for $4M. The insurer was able to recover a portion of the settlement because they purchased a Contributing Excess Umbrella reinsurance certificate from Berkley Re Solutions.
Products and services are provided by one or more insurance company subsidiaries of W. R. Berkley Corporation. Not all products and services are available in every jurisdiction, and the precise coverage afforded by any insurer is subject to the actual terms and conditions of the policies as issued.
For additional information concerning W.R. Berkley Corporation’s insurance company subsidiaries, click here.
