A Powerful Weapon In An Insured's Arsenal: Bad Faith
May 21, 2012, 1:15 PM EDT
Law360, New York (May 21, 2012, 1:15 PM EDT) -- “This is a simple case involving a fire loss followed by a thorough claims review which was improperly repudiated by a second claims examiner [Mr. Debaca], rather than being paid promptly, and which resulted in a two-year claim processing delay.” Mave Enterprises Inc. aka It’s Delish v. Metropolitan Adjustment Bureau Inc. et al., Factual Findings, Arbitration Proceeding, March 29, 2012.
Sadly, policyholders seeking to recover under a first-party property policy after a catastrophic loss will not be surprised at an insurer’s lengthy and unjustifiable delay. In...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.