Insurers Should Do The Right Thing

Monday, May 13th, 1996 Auto Liability Litigation Property Risk Management

Just because a legal precedent gives an insurance company the legal justification to deny a claim, it does not relieve that insurer from independently assessing the provision in question and addressing the claim in light of all relevant factors (including industry practice and professional commentary); the insurer cannot simply rely on a case ruling that favors the company‘s position. We‘re not talking legal right here; the insurer in this case is on firm legal foundation. It can deny the claim and withstand a bad faith challenge.

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http://www.nationalunderwriter.com/archives/Pc_archive/1996/P05-13/2000c1bh.asp

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