Jim Saunders – March 28, 2013 Amid a renewed lobbying fight between business groups and trial lawyers, a House panel Wednesday narrowly approved a bill that could help shield insurers from big-money lawsuits in disputes about settling claims. The House Civil Justice Subcommittee voted 7-6 to approve a measure (HB 813) aimed at reining in… Continue reading Trial Lawyers vs. Business Groups: ‘Bad Faith’ Changes Take First Step
Tag: Bad Faith
Industry Report Shows Ore. Proposals Could Cost $200M
Insurance News Net – March 15, 2013 The Property Casualty Insurers Association of America issued the following news release: Lessons learned in other states demonstrates that expansion of bad faith laws leads to increased costs for consumers, businesses and court systems. Oregon lawmakers should avoid importing several bad faith laws from other states that have… Continue reading Industry Report Shows Ore. Proposals Could Cost $200M
Changes to New Jersey Unfair Claims Settlement Practices Act Would Rewrite Bad Faith Law to Deter Insurer Misconduct
Andrew S. Zimmerman and Lynda A. Bennett – March 8, 2013 Ostensibly responding to Superstorm Sandy, the New Jersey legislature is considering a broad change to the law addressing bad faith and unfair conduct by insurers. If the bill becomes law, it will represent a significant and policyholder-friendly change in the law governing insurer conduct.… Continue reading Changes to New Jersey Unfair Claims Settlement Practices Act Would Rewrite Bad Faith Law to Deter Insurer Misconduct
Bad Faith Insurance Claims
What is a Bad Faith Insurance Claim? When you sign up for an insurance policy for your home, car or even health insurance, you enter an agreement with an insurance company that it will pay certain benefits should an accident or disaster occur. You faithfully pay your premiums on time every month, fully expecting that… Continue reading Bad Faith Insurance Claims
Bad Faith: Insurance Companies’ Devilish Denials
Dottie Perry – February 4, 2013 It is a poorly kept secret that insurance companies do what they can to avoid paying claims. At what point, however, does a denial or attempt at a denial of a claim violate the rights of the insured? As with all contracts, there is a duty to act in good faith… Continue reading Bad Faith: Insurance Companies’ Devilish Denials