A residential building owner alleged that Nationwide deliberately delayed the policy payments, misrepresented the prerequisites for invoking appraisal and had illegally filed its subrogation suit before Washington Street was made whole. The Stock Photo Girl/Stock.adobe.com A residential building owner alleged that Nationwide deliberately delayed the policy payments, misrepresented the prerequisites for invoking appraisal and had illegally filed its subrogation suit before Washington Street was made whole. The Stock Photo Girl/Stock.adobe.com

The judges of the Third Circuit recently affirmed summary judgment for Nationwide in a bad faith suit filed by the owner of an apartment building that had suffered severe fire damage. The case is called Washington Street, LLC v. Nationwide Property & Casualty Insurance Company.

An apartment building burned down after one of the tenants negligently caused a fire. The building owner, Washington Street, LLC, promptly reported the fire damage and submitted a claim to Nationwide. The first payment under the policy was issued to Washington Street six weeks later, after its attorney complained to Nationwide about how slowly the process was moving. When the payment was made, Nationwide acknowledged the payment was incomplete and agreed it would be subject to change if additional repairs were needed or more damage was found. 

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • 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.

Already have an account?


NOT FOR REPRINT

© 2023 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.

Kelly Helton, JD

 

Complex Claims & Litigation Forum 2024Event

The conference experience aimed to help insurers and litigators Prevent, Prepare, and Prevail in complex claims cases and risks.

Get More Information
 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.