Unfair claims Most state unfair claims settlement practices acts require insurers to settle claims in "good faith."

Whether one is religious or not, the ancient verse, "The last shall be first and the first shall be last," may sound familiar. The statement comes at the end of a parable or story about a vineyard owner who hired men at an agreed pay rate to work all day. At noon he hired more, and about an hour before quitting time he hired even more workers. Then he had the supervisor pay all of them the full day's wage.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.