In the past few years, we’ve seen a significant rise in bad faith claims against insurers in the U.S.
According to a 2022 article by Reuters, multiple jurisdictions have lowered barriers for insured parties, making it easier to establish bad faith claims, which increases insurers’ potential exposure. Concurrently, plaintiffs’ attorneys are employing aggressive strategies, such as increasingly leveraging time-limit and policy-limit settlement demands as part of their litigation efforts.
At its core, good faith claims handling means paying what is owed based on the policy language and applicable law and doing so in a timely