NJ Insurance Bill Would Boost Post-Sandy Bad Faith Suits

Law360, New York (January 30, 2013, 5:31 PM EST) -- A New Jersey state lawmaker introduced a bill Monday that would make it clear that policyholders can take insurers to court over unfair settlement practices and win punitive damages and legal fees, one of several attempts to rework insurance laws in the wake of Superstorm Sandy.

The Consumer Protection Act of 2012 would hand individuals and companies a private right of action against property and casualty insurers that act in bad faith while settling or trying to settle claims. The bill incorporates existing case law in...
To view the full article, register now.