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Insurance Claims
- Do Insurance Companies Profit By Delaying Payment of Claims?
- Health Insurer Sued for Deceptive Sales Practices
- Farmers Group Settles Overcharging Suit for $455 Million
- Workers Compensation and Accident Claimants to Receive $72.5 Million In Settlement From The Hartford
- Anthem Settles Rate Hike Investigation for $20 Million
News
Do Insurance Companies Create Crises to Boost Profits?
Posted on 12/23/2011
Insurance Company Gave Millions to Illinois Supreme Court Justice
Posted on 9/16/2011
Humana Denies 39% of Kentuckians' Applications for Health Insurance
Posted on 9/13/2011
United Healthcare Denies 43% of Kentuckians' Applications for Health Insurance
Posted on 9/12/2011
Tennessee Law Exempting Insurance Companies from Consumer Protection Laws Criticized
Posted on 4/21/2011
Library
Insurance Claims
- Do Insurance Companies Create Crises to Boost Their Profits?
- Are life insurance benefits payable where death results from accidentally running a stop sign? Since an ordinary person would characterize running a stop sign as an accident, life insurance benefits payable for an accidental death must be paid.
- Uninsured Motorist (UM) Benefits May Be Recovered In Work Death Kentucky Court of Appeals Rules In State Farm v. Slusher
- What are the Insurance companies' "Tricks of the Trade?"
When is an insurance company liable for a bad faith insurance practice?
A: An insurance company can be liable for a bad faith insurance practice where three things are proved:
- The insurance company is obligated to pay the claim under the terms of applicable insurance policy
- The insurance company lacks a reasonable basis in law or fact for refusing to pay or denying the claim, and
- The insurance company either knew there was no reasonable basis for refusing to pay or denying the claim or acted with reckless disregard for whether such a basis existed
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