[marktwain]

To be more precise, the settlement was (from what I read) for the total limits of Remington’s insurance. I am guessing that once the plaintiffs indicated they would accept that amount, Remington took the position that its insurers should give up their total limits or it would be “bad faith”,

Remington had nothing to do with this "settlement". It no longer exists as an organization. It was split up into components and sold off in bankruptcy.

[Stingray51]

Ok so does the bad faith excess of limits concept still apply?

Anyway, your point is a good one about the b.s. spin on this being a precedent