Perspective
Jun. 30, 2016
Insurers face big punitive exposure for California bad faith claims
In California and numerous other jurisdictions, an insurer may be liable for economic losses, emotional distress, certain attorney fees and substantial punitive damages. By Michael Gehrt
Michael S. Gehrt
Partner
Pasich LLP
Email: mgehrt@pasichllp.com
Michael represents insureds in complex insurance coverage matters.
An insured faced with a wrongful denial of insurance coverage for a loss covered by its insurance policy often grossly underestimates the potential exposure to its denying insurer. Indeed, insureds often mistakenly assume that the insurer's liability is limited to unpaid policy benefits. However, in California and numerous other jurisdictions, an insurer may be liable for economic losses, emotional distress, certain attorney fees ...
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