Insurance
Aug. 18, 2016
Offering full insurance policy not enough to defeat bad faith claims
Insurers are not insulated from bad faith claims by simply tendering the full policy limit, a published appellate decision found.
Daily Journal Staff Writer
Insurers may still be liable for bad faith when they quickly offer to settle for the full policy limits, according to a state appellate opinion ordered published this week.
The decision clarifies a related 2014 ruling, which seemed to insulate insurers from such claims by holding that timely tendering the maximum insured amount constituted good faith as a matter of law.
In a unanimou...
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