An insurance claim denial after an accident can ruin your budget. This is especially true when the insurer misreads the terms of the contract. Insurance companies often pick out single words or phrases in the contract to misinterpret to avoid paying benefits....
Insurance companies make money by collecting premiums. They lose money by paying large claims. Frequently, these businesses supplement their premium revenue by investing the capital that they receive. Investments generate money over time, which creates an incentive...
Insurance companies must treat policyholders fairly when reviewing claims. If they don’t, courts can hold them accountable for acting in bad faith. But how do judges and juries figure out whether an insurer acted in "good faith" during the claim process? Understanding...
When you file an insurance claim, you expect your insurer to handle it fairly and promptly. Unfortunately, some insurers act in bad faith, making the claims process frustrating and unfair. Understanding common examples of bad faith can help you spot if your insurer...
The Hangarter v. Provident case set an important precedent in bad faith insurance litigation. The court ruled in favor of the plaintiff, Joan Hangarter, after finding that Provident Life & Accident Insurance Company unfairly denied her disability claim. The...
When insurance companies fail to act in good faith, it can complicate settlement negotiations in personal injury cases. Bad faith insurance practices may include delays, underpayment, or outright denial of valid claims. Understanding how bad faith impacts your case...
Climate change is causing more frequent and severe natural disasters. As a result, people are filing more insurance claims for damages related to these events. Sometimes, insurance companies deny these claims. This raises the question: Can denying coverage for...
Navigating the aftermath of an accident can be stressful, especially when dealing with insurance adjusters. When an insurance adjuster doesn't report the facts of your accident correctly, it can complicate your claim and potentially reduce your compensation. Review...
When you make a claim to an insurance company for benefits, you expect fair treatment. Regulations dictate why these companies operate the way they do. This article will look at some of California's standards for the fair settlement of insurance claims. If your...
Insurance claims can be a hassle. The goal for your insurer is to avoid paying out, but if they cannot do that, they will try to avoid paying as much as possible. On the other hand, you want to get the maximum due to you. For this reason, it is very important to know...
