While the insurance is limited to 6 million, what it means in practice is that the insurance company will pay up to 6 million to defend the insured against any action.
What you want is for your lawyers to show up and get paid. That is what the insurance guarantees. More important that indemnifying a judgement.
“The liability limits are misleading.”
This is the company policy. Baldwin may have a personal policy.
6M is the liability limit and the carrier will pay up to that amount, yes. Plus the carrier pays all legal fees in defense. In many states, if liability is clear and the value of the case is higher than the limits, the carrier may have to pay a judgment that exceeds the policy limit. This is a bad faith case, which are pretty rare. Nevertheless, carriers are very cognizant of potential bad faith claims.