Is Your Insurance Company Throwing You To the Wolves?
As an experienced insurance claims lawyer who has been litigating bad faith and unfair insurance claims practice since 1979 in conjunction with our catastrophic injury law practice, I have seen that insurance companies have increasingly taken a deny, delay, defend posture with even the most valid and clearest of insurance claims. Many times this arises as a potentially nightmarish situation for the insured as they have paid their premiums and been profitably exploited by the insurance company. Unfortunately most individuals lack the experience or know-how to fight the large insurance company who believes that the insured will back down or be intimidated and settle for cents on the true dollar value of their claim.
In our unfair insurance claims practice we have noticed an increased amount of unfair practices, bad faith, and outright fraud on behalf of the insurance companies. We have been filing bad faith claims against these insurance companies claiming they are breaching their contract with their insured and it is only when these cases start to heat up that the representatives of the company at a corporate level start to pay attention.
All insurance companies owe their insured a fiduciary obligation to act in good faith.
In many cases, insurance companies have hidden relationships with third party administrators or reinsurers while engaged in a back room “fight” with the separate entities pointing the finger at each other which unfortunately comes at the expense of the insured. In many of these cases, we have been able to determine that false information was supplied to one of the hidden third parties in applications or documents whereas the insured was kept in the dark and ultimately successful in a courtroom proceeding. It is important that if you are wrongfully denied a claim by your insurance carrier or you are not offered fair value for your claim, that you fight back and never, never give up.
The unfair insurance claims practices lawyers and bad faith insurance lawyers of Reiff and Bily are committed to protecting consumers wrongfully injured by the deny, delay, defend tactics of insurance companies.
