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Each state in the U.S. has a Commissioner of Insurance who is empowered to oversee and regulate the actions of bad faith insurance companies within that state. The insurance commissioner investigates all bad faith claims and can order insurance companies to change their behaviors, should they find the company to be acting in bad faith.
If you suspect that you have been victimized by bad faith, you should:
Bad faith insurance refers to any action an insurance company takes in an effort to:
To these ends, insurers may:
For a specific listing of the companies in your state that have been reported to act in bad faith, consult your state's insurance commissioner. Several non-profit groups have dedicated their resources to bad faith reports. One such advocate is the Fight Bad-faith Insurance Companies (FBIC), which has compiled a list of the top 50 insurance companies known for good and bad faith. According to FBIC, some of the top insurance companies notorious for practicing bad faith nationwide are:
For a full bad faith report or to learn more information about bad faith legislation in your state,contact our bad faith attorneys today .
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