Bad Faith Insurance

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Bad Faith Insurance Settlements

Bad faith insurance settlements are monetary awards granted to those who have been victimized by an insurance company's bad faith practices. Legally speaking, the term bad faith refers to the illegal act of denying or minimizing a policyholder's claim in an effort to save the company money. Such acts are viable personal injury claims and, consequently, give victims of bad faith the right to seek compensation for their injuries, and losses.

To find out if you or a loved one has a legitimate bad faith insurance claim, schedule a complimentary consultation with a highly trained and professional bad faith insurance attorney. During this meeting, prospective plaintiffs can learn more about their rights and secure the aggressive representation they need to obtain the settlement they deserve.

Indications of Bad Faith Practices

Because bad faith can come in a variety of forms, it may be difficult for the insured to detect when his insurer is acting in bad faith. Some indications that bad faith may be occurring include:

Any instance of fraud or harassment committed by the insurer against the insured
Intentional, incorrect interpretation of a policy or associated legal terminology
Poor investigation of the claim
Significant delays in the investigation of the claim
Unreasonable delays in the payment of a settlement (once an investigation is culminated)
Failure to inform policyholders of additional benefits to which they may be entitled
Failure to disclose all of the facts of a case to the insured
The retroactive alteration of a policy without the express consent or knowledge of the insured

In each of these (and many other instances), the insurance company is attempting to deny or to pay out less of the claim money that is rightfully owned to the insured.

An established, well-respected non-profit organization, Fight Bad-Faith Insurance Companies (FBIC), is dedicated to standing up for the rights of those victimized by bad faith practices. In fact, their research has found that the following insurance companies were among the top 10 insurers notorious for consistently committing bad faith practices:

The Hartford
State Farm
Allstate
Unum
Berkshire Hathaway
can
American Family
AIG
Lumbermens
Assurant Health

Alternately, FBIC ranks the top ten best insurance companies (i.e. those who consistently stand up to good faith practices) as:

Chubb
Amica
Allianz
Conventry Health
Credit Suisse
Royal & Sun Alliance
GMAC
Swiss Re America
Kaiser Permanente
Fairfax Financial

If you or a loved one has been victimized by bad faith practices, contact our bad faith lawyers to find out if are eligible to file a claim and seek compensation for your losses. During a private, no-obligation consultation with a bad faith attorney, you will find out all your legal options. Contact an insurance bad faith attorney today.

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