Every policyholder will likely face a scenario where its primary insurer refuses a settlement offer within limits. The primary insurer is potentially liable for that excess verdict if it acted in bad faith by refusing to settle within limits. Sometimes, …
Kyle and Marie Stechert say they rushed to buy another car after their vehicle was “totaled” in an accident because their insurance carrier refused to keep paying for their rental vehicle. The new car was twice as expensive as the …
An insurer’s payment of the appraisal value after disputing a claim does not establish that it was liable, nor does that payment prevent a policyholder from pursuing penalties under the Prompt Payment of Claims Act, a split Texas Supreme Court …
LAS VEGAS — More than 4,000 people are seeking damages from MGM Resorts International related to the Las Vegas Strip mass shooting that left 58 people dead, the casino giant said in a lawsuit alleging its insurance company has failed …
A recent ruling from the District of Massachusetts suggests that insurers are responsible for training their claims handlers to know and understand the law affecting their insureds’ liability – and that the insurer may be held liable for bad faith, …
A federal judge in Rhode Island has cleared the way for a trial to decide whether Columbia Casualty Insurance, in bad faith, put its own interest over its policyholder’s by gambling on a trial instead of settling a claim that …
GEICO General Insurance Co. refused an offer to settle Michael Mazik’s underinsured motorist claim for $50,000. Instead, the claim will cost the insurer more than $1.3 million. On Friday, a panel of the California 2nd District Court of Appeal affirmed …
A split decision by the Iowa Supreme Court last week resolves the issue in one state, but the question of whether third-party administrators can be held liable for the tort of bad faith remains unsettled in much of the country. …
A federal judge in Pennsylvania decided to skip the jury and ruled based on the facts presented in briefings that GuideOne Insurance acted in bad faith by sitting on a church’s property damage claim for six months. U.S. District Judge …
Fraud fighting could be seriously compromised if a state court ruling allowing bad faith suits against insurer employees is allowed to stand, the Coalition Against Insurance Fraud warns Washington state’s highest court. The court ruling will cause a chilling effect. …