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...