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June 2016 Archives

Crumbling homes epidemic leads to bad faith insurance claims

There's a truly upsetting epidemic ravaging the state of Connecticut right now, and if you're a homeowner, it will strike you as particularly galling. Many homes in Connecticut are suddenly falling apart -- literally. The foundation of the homes are cracking and crumbling due to oxidization that no one expected, and these homes have a common link. The concrete used for these foundations all trace back to a specific quarry that uses a concrete mixture with high levels of pyrrhotite.

Looking at MN’s bad faith insurance statute, P.2

In our previous post, we began speaking about Minnesota’s bad faith insurance statute, particularly what it has to say about establishing liability. As we noted, policyholders may base a claim of bad faith insurance on the insurer’s lack of a reasonable basis to deny benefits under a policy, along with either knowledge of or reckless disregard for the lack of a reasonable basis or such a denial.

Looking at MN’s bad faith insurance statute, P.1

In our last post, we began speaking generally about bad faith insurance, noting that bad faith lies in an insurance company’s unreasonableness in settling claims under an existing policy. We also noted that an individual who is subjected to bad faith treatment from an insurance company may recover damages. In this and our next post, we’ll look at Minnesota’s bad faith insurance statute.

Answering a few basic bad faith insurance questions

As we have outlined on this blog, bad faith insurance is a convoluted area of law that can frustrate even the most patient of plaintiffs. Even though insurance companies are supposed to act in good faith, there are times where they do not act in the best interests of their clients. This is when a "bad faith" claim can arise.

Accident leads to bizarre bad faith insurance claim

A bizarre bad faith insurance lawsuit has forced the Ninth Circuit to ask the Nevada Supreme Court to clarify the liability of an auto insurer. The case revolve around a 2007 accident where a man ran over a woman. The woman survived with severe injuries, but the man was sued by the woman's father. The man's insurer did not cover him, because they claimed his policy had lapsed -- even though he claimed his policy was still valid. As a result of this confusion, both the father and the man who caused the accident filed a claim against his insurer.

What is the 'contestability period' for life insurance policies?

When you get life insurance, you aren't trying to dupe your insurer or commit any fraudulent acts. All you are trying to do is protect yourself and your family in case of a truly tragic event. Life insurance is a vital asset to many people all across the country. However, life insurance providers are obviously wary about who they are insuring and why. As such, life insurance providers place "contestability periods" into their policies to protect themselves from potentially dubious clients.