Wecht v. Kornblum

Plaintiff seeks an order to enter judgment against defendant for the unpaid balance of a compromise heretofore effected between a now bankrupt liability insurance carrier on the part of defendant and the plaintiff. Neither counsel can suggest an adjudicated case in point. No copy of the policy is annexed but the court will assume it contained the usual terms precluding individual compromise by the assured and allowing and authorizing the liability company to conduct the course of the action throughout including its defense or terms of settlement. Such provision is essential to the business of…