Guarino v. Allstate Property & Casualty Ins. Co.

Summary

The court held that an underinsured motorist insurer may reduce policy limits by the aggregate amount paid in settlements by all alleged tortfeasors, without a prior apportionment of fault or damages. Because the settlements exceeded the policy's $100,000 limit, no underinsured motorist coverage remained and summary judgment for the insurer was proper. The court distinguished authorities involving an insurer standing in for an unsettled or unidentified tortfeasor.