by John Darer® CLU ChFC MSSC RSP CLTC
Insurance bad faith describes a tort claim that an insured person may have against his/her/its insurance company for its intentional bad acts. Under the law of most jurisdictions in the USA, insurance companies owe a duty of good faith and fair dealing to the persons they insure. This duty is often referred to as the "implied covenant of good faith and fair dealing" which automatically exists by operation of law in every insurance contract. [ Source : Wikipedia]
In Good Faith Use of Structured Settlements in Bad Faith Claims, published in the Connecticut Law Tribune on March 14, 2016 , I explore how structured settlements can make a difference in bad faith cases on either side of the damages tax spectrum. Download Good_Faith_Use_of_Structured_Settlements_in_Bad_Faith_Cases_3-2016 .
I am a frequent contributor to "The Trib". The Good Faith/Bad Faith article, is my 6th published in the Connecticut Law Tribune in the last 12 months.
For further information on structured settlements and bad faith claims and practical illustrations, please contact the structured settlement experts at 888-325-8640