There were more severe weather events that exceeded $1 billion in damages from January to March of 2017 than any year since the National Oceanic and Atmospheric Administration (NOAA) started collecting this data in 1980.

These weather-related losses are putting pressure on insurance rates across the country. The impact of the losses is an increase in the exploitation of bad faith statutes, lawsuit abuse and contractor fraud.

Bad faith and lawsuit abuse battles

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
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.