Basics Of Insurance Litigation

Oct 15 • Education • 618 Views • Comments Off on Basics Of Insurance Litigation

The subject of insurance litigation varies pretty widely which is why many people have a hard time understanding what it is that the basics of how insurance litigation works.

Insurance litigation means to engage in a legal proceeding that has to do with insurance. In other words, insurance litigation deals with civil lawsuits that involve insurance claims and or insurance companies.

Insurance litigation cannot be defined with one simple example or case because there are many different types of insurance policies and the insurance litigation can differ quite greatly from case to case. Many insurance litigations and lawsuits are based on insurance policies that have been issued to policyholders by an insurance company. Other lawsuits and litigations come up because there are disputes over the responsibility an insurance company has under a policy.

Because insurance litigation is such a varied subject there are many different types. For example, some insurance litigation issues relate to “bad faith,” like not conducting a timely investigation of a claim and the claim’s circumstances of the claim, and failure to make small script vital information available to the policyholder.

There are other types of insurance litigation lawsuits that are based on denial of a claim and other types that involve offering the claimant less money than what the claim is worth. Another type of insurance litigation or lawsuit subject is based on an insurance company refusing to negotiate or settle claims.

Other types of insurance litigation like lawsuits, involve policyholders suing their insurance companies when they feel that the company owes them more money but they have refused to pay, this is another example of “bad faith claim” but turned around to view the policyholder’s viewpoint.

From the insurance company viewpoint, an insurance lawsuit or litigation could also arise from and insurance company suing a policyholder when the company feels that the policy holder has unfairly received money under a policy. This particular litigation is extremely serious because if it more money was taken knowingly than it can be considered insurance fraud, which is a crime in many countries.

Many states have penalties for insurance companies who violate regulations that are related to the settlement of claims. To learn more about insurance litigation policies, no matter what type or variety, one can go to the state to find out what the rules and regulations and laws are. There are also many companies, like Quadrino Schwartz who specialize in things like insurance litigation.

Madison Hewerdine writes for blogs all over the world. To learn more about Quadrino Schwartz and insurance litigation click here.

Facebooktwittergoogle_plusredditpinterestlinkedinmail

Related Posts

« »