The U.S. 11th District Court of Appeals recently affirmed a $1 million+ damage award for Florida bad faith insurance against a workers’ compensation insurer that refused to pay the policy limit for a construction accident injury that left the worker permanently paralyzed from the waist down. The case underscores the…
You faithfully pay your monthly or quarterly insurance premiums for your car, boat or house. But when it comes to paying losses in a covered accident or event, insurers suddenly aren’t quite so on your side. They do still, however, have a legal responsibility to act in good faith (fairly…
A recent analysis by the Insurance Research Council reveals Florida is No. 3 in the nation when it comes to bad faith insurance lawsuits for claims of bodily injury liability in car accidents, at an additional claim cost of some $7.6 billion in the last dozen years. What is bad…