Bad Faith Insurance: How It Happens and How to Prove?
lazupardo2023-06-12T01:30:45-04:00Bad faith insurance explained Bad faith insurance refers to a situation where an insurance company acts dishonestly towards its policyholders and fails to fulfil its contractual obligations in dealing with a policyholder's claim or engages in deceptive practices to deny or delay the payment of a valid claim. Insurance companies have a legal duty to act in good faith when handling claims, thus they’re expected to process claims promptly, thoroughly investigate them, and make a fair settlement offer when appropriate. Related Webinar: Insurance and Bad Faith Litigation: Latest Updates and Risk Mitigation Strategies Bad faith [...]