With Minnesota passing a good faith law a couple of years ago, we joined all of the other states who already had some type of claim. The sentence in this article that only a few states allow these claims is simply not true.
So a question that suggests that there is going to be more lawsuits, when all states already have some type of the claim, is also based on a faulty premise.
Since when have “underwriters” dealt with claims? Frivolous? These don’t get past a Motion for Summary Judgment, no less to a jury on the issue of bad faith. Lets all know what we’re talking about before mouthing off on an important subject. The bad faith actions, intentional, willfull and sometimes malicious denials and actions I’ve seen as an expert witness of 25 years would make you doubters cringe.
Lovely, as I was becomming concerned that BP might not have enought to fill me up, now that they capped the well. This will make for a nice after dinner snack.
If an insurance company is negligent by allowing bad faith practices, why would the consumer have to suffer. So the policy holder has nothing to do but accept settlement from their insurance company even if it is in bad faith? You should be able to receive a fair settlement from the company you have paid premiums to for years and receive additional compensation if they forced you to sue them due to their bad faith practices. The law should also not allow insurance companies to increase their rates based on loss due to judgments for their bad faith handling.
Punitive Damages is the only “stick” that can keep some of these flea bag insurers honest with their policy holders. The “Majority” have not had bad run in’s with some of these low cost insurers that run and hide when the bad one happens. This is simply a bad survey produced by the IRC to support the demise of ALL punitive damages against insurers. Who supports the IRC anyway? Look it up.
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With Minnesota passing a good faith law a couple of years ago, we joined all of the other states who already had some type of claim. The sentence in this article that only a few states allow these claims is simply not true.
So a question that suggests that there is going to be more lawsuits, when all states already have some type of the claim, is also based on a faulty premise.
Since when have “underwriters” dealt with claims? Frivolous? These don’t get past a Motion for Summary Judgment, no less to a jury on the issue of bad faith. Lets all know what we’re talking about before mouthing off on an important subject. The bad faith actions, intentional, willfull and sometimes malicious denials and actions I’ve seen as an expert witness of 25 years would make you doubters cringe.
Bet they didn’t poll anyone on a bus.
I wonder how attorneys view this survey?
We view it from a teak lounge chair on the decks of our yachts. Thank you for asking.
I surprised you don’t fall thru the slats of the chair Attorney!
We are suing over this.
Lovely, as I was becomming concerned that BP might not have enought to fill me up, now that they capped the well. This will make for a nice after dinner snack.
If an insurance company is negligent by allowing bad faith practices, why would the consumer have to suffer. So the policy holder has nothing to do but accept settlement from their insurance company even if it is in bad faith? You should be able to receive a fair settlement from the company you have paid premiums to for years and receive additional compensation if they forced you to sue them due to their bad faith practices. The law should also not allow insurance companies to increase their rates based on loss due to judgments for their bad faith handling.
Punitive Damages is the only “stick” that can keep some of these flea bag insurers honest with their policy holders. The “Majority” have not had bad run in’s with some of these low cost insurers that run and hide when the bad one happens. This is simply a bad survey produced by the IRC to support the demise of ALL punitive damages against insurers. Who supports the IRC anyway? Look it up.