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 Posted: Sat Oct 24, 2009 5:49 am Post subject: Bad Faith Insurance |
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Just wanna know more about Bad Faith insurance.
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Whistler-in-the-wind
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| Posted: Sat Oct 24, 2009 7:01 am Post subject: |
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I see three types of practices that can be termed as 'bad faith practices' by the insurers.
Insurance companies may either delay paying for the claims, deny paying them or may opt for illegal discounting. If your insurer breaches the good faith covenant, he might be sued for damages that are punitive as well as real and consequential. Roddick |
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roddick
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| Posted: Thu Oct 29, 2009 12:12 pm Post subject: |
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| Insurance companies may either delay paying for the claims, deny paying them or may opt for illegal discounting(link removed by lori) |
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pavan
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| Posted: Thu Nov 19, 2009 9:54 pm Post subject: |
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Whistler - are you talking about bad faith by the insurer, or insurance against acts of bad faith against you by employees of your business?
I know that sort of cover as Fidelity Guarantee. Provides cover against theft, embezzelement or other inappropriate activity by employees /partners whhich has an adverseeffect on the business.
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heidrek
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| Posted: Fri Nov 20, 2009 11:36 am Post subject: |
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There is no bad faith "insurance"... The OP is either wanting to know about bad faith committed by an insurer, (and how much you can get for that  )..which is WAY too broad a subject without more information...or maybe wondering about an E & O policy which still would'nt cover bad faith.
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Lori
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heidrek
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| Posted: Mon Nov 23, 2009 6:49 am Post subject: |
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Hi, I just wanted to know how to proceed with the settlement process following an instance of Bad Faith.
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Whistler-in-the-wind
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| Posted: Mon Nov 23, 2009 7:05 am Post subject: |
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| Unless you are an attorney, you will probably need to obtain one in order to have any chance of winning a Bad Faith claim. |
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tcope
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| Posted: Mon Nov 23, 2009 11:37 am Post subject: |
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| Quote: | | what type of policy is embezzlement, theft of stock or malicious conduct by employees covered under in the USA? |
there are none.
whistler Tcope is correct, (as always  ) you're going to need an attorney to purse a bad faith claim.
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Lori
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| Posted: Wed Jan 20, 2010 5:07 pm Post subject: |
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| Quote: | | Hi, I just wanted to know how to proceed with the settlement process following an instance of Bad Faith. |
Investigating Insurer Bad Faith is my business but I need more information to properly answer this one. If you'd like, you can email me with it.
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InsInvestigator
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| Posted: Tue Jan 26, 2010 11:57 pm Post subject: Bad Faith |
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| You need an attorney, for sure. You didn't give us specifics to create a scenario. Bad faith is a very tough legal issue. I doubt that you'll get an attorney to take a case on contingency, but that's just my opinion...without knowing facts. Many times, if your insurer is balking at paying a claim, during a settlement conference, you can jack them up a little on "bad faith"...but you sure need to have a case. |
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emumbert1
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| Posted: Tue Mar 23, 2010 3:34 pm Post subject: |
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| Everything seems to need the help of a lawyer these days. Even for things that are considered illegal, you still need a lawyer to say to the judge the illegal actions the plaintiff have done, even if it is clearly illegal. Maybe I should learn some lawyer-speak and jargon. |
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johnins2009
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| Posted: Tue Mar 23, 2010 3:44 pm Post subject: |
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| Quote: | | Everything seems to need the help of a lawyer these days. |
Who do you think set up this system.  |
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tcope
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| Posted: Tue Mar 23, 2010 10:22 pm Post subject: |
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Great point T...I've actually been in court, when people have defended themselves successfully...I think judges even get sick of lawyers some times
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Lori
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| Posted: Tue Mar 23, 2010 11:32 pm Post subject: insurance |
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| If the individual HAS the proof they need for,..whatever..case they are involved in, then why hire a Lawyer? A 'do it yourself' thing!!LOL |
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sdchargersfan
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