Civil-trial attorney Stacy A. Carpenter, shareholder at Polsinelli Shughart's Denver office, provides some advice for insurance agencies—which she says are facing an increasing number of lawsuits as they get dragged into policyholder coverage disputes with insurance carriers.
What are some of the biggest or newest legal risks facing insurance agencies today?
Increasingly, alternative claims are being filed against agencies. In this situation, the insured sues the carrier for breach of contract and bad faith and argues the claim should be covered. The insured simultaneously sues the insurance agent and argues that if there is no coverage, the agent failed to procure the proper insurance.
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