Insurer Paid Claim to Avoid Bad Faith; Reimbursed Because of Misrepresentation

By Anthony L. Miscioscia and Konrad R. Krebs | March 25, 2020

  • March 25, 2020 at 2:37 pm
    Frederick j Fisher, says:
    Like or Dislike:
    Thumb up 0
    Thumb down 0

    An excellent example of good claim handling- shut down the underlying claim to cap the loss- and worry about coverage and re-imbursement later… it can be done with proper legal advice so as not to be deemed a “volunteer” …. this almost ALWAYS results in a lower Total Incurred. This was definitely the “right thing” to do- unfortunately, more & more, dong the right thing is falling by the wayside due to classic short sighted behavior.



Add a Comment

Your email address will not be published. Required fields are marked *

*