Many of us have worked are still work liability claims on a regular basis. This was a new experience for me. I have been working CGL claims for one carrier for about 2 years who have their own release. Most of the settlements are on questionable liability or almost 50/50 comparitive negligence and fall into the "nuisance value" settlements with plaintiff attorneys.
"It is expressly understood and agreed that each of the parties hereto, their heirs, successors, attorneys and assigns, will keep confidential and will not disclose or reveal directly or indirectly to any person or entity, this settlement, the contents or this Release and Settlement Agreement, or any details relating thereto, unless under legal obligation to make such disclosure.
The claim was settled for xxxxx amount. The attorney wanted another xxxx to leave the confidentual agreement in. He also agreed to accept the original xxxxx, but would strike out the above paragraph. The carrier would not agree to strike out, but did pay an additional $1,000.00 to leave the paragraph in. It was settled.
Is this a new thing that the web sites and TV adds have created? It was a first for me, but I will discuss this topic next time. Please lets hear some comments if this is a new wave. I do have to confess I did not read my own carriers release before sending it out.