A judge has denied State Farm's bid to end a bad-faith lawsuit that alleges the company refused to reimburse a man who had been charged for stacking insurance coverage even though he owned only one vehicle.
Although a workers' comp carrier ultimately paid the benefits due to the injured employee, the carrier's refusal and delay 26 times led the Oklahoma Supreme Court to take action.
Insurers facing policy limits demands must act cautiously under even the best of circumstances to avoid threats of bad faith. The situation becomes far more complicated when the insurer receives a policy limits demand and it insures multiple and/or additional insureds.
Some view institutional claims as the Ebola virus of bad faith litigation because of expensive discovery and the potential for punitive damages. Here, we explore how solid claims practices often serve as an insured's best defense.
Bad Faith Claims Should Not Be Dismissed Lightly If you were to check through the archives of National Underwriter, youd find that the first mention ...