Auto-Owners Ins. Co. v. Bolt Factory Lofts Owners Ass'n, Inc

Summary

The court held that an agreement assigning an insured's future bad-faith claims and including a covenant not to execute was permissible even though the parties proceeded through an uncontested trial rather than a stipulated judgment. The insurer was not entitled to intervene as of right because it could protect its interests in later coverage and bad-faith proceedings, so the judgment was affirmed.