3 Policyholder Lessons From NY Bad Faith Ruling

By Eric Jesse and Alexander Corson ( November 14, 2024, 10:12 AM EST) -- As there is not a specific formula for what constitutes insurer good faith, insurer bad faith may also take many forms. While policyholders are sometimes familiar with the quintessential bad faith fact pattern – a liability insurer's failure to settle within policy limits – the New York Appellate Division recently issued a timely reminder that an insurer's obligation to handle claims in good faith reaches far beyond the settlement context....

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