Recognizing and Combating Bad-Faith Claim Tactics

Coverage Journal

PUBLISHED ON: August 11, 2016

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Getting a corporate insurance claim fully and promptly paid many times requires leverage. Too often, insurance companies drag their feet through the claims process, look for issues that delay resolution of a claim, and in the meantime, hold off payment. Insurance company methods sometimes cost policyholders time and money, and result in policyholders settling for less than their insurance claim may be worth. Policyholders can avail themselves of bad-faith law to deter this conduct and, if necessary, recover the additional damages it can cause.