November 25, 2013
A Colorado law punishing insurers for unreasonably delaying or denying coverage allows for penalties of twice the unpaid benefit on top of the benefit itself, a federal judge ruled Monday, widening the exposure of a carrier accused of shirking a developer's construction defect defense.
February 26, 2013
Insurance carriers that unreasonably delay or deny coverage to additional insureds named on liability policies should pay double damages and attorneys' fees under a Colorado bad faith law aimed at first-party claimants, a federal judge ruled Monday, siding with a developer facing construction defect claims.