Bad Faith Law
“Bad Faith” law describes a cause of action that an insured person or business has against their own insurance company when their insurance company fails to act in their best interest in resolving a claim against them. The failure by the insurance company to act in “good faith†when handling the claim can result in an excess judgment against the insured individual or business. If this occurs the individual or business can bring a “bad faith†action against their insurance company. The House Civil Justice Subcommittee recently voted 8-7 against HB 427, which was intended to add restrictions making it more difficult for individuals or business to bring “bad faith†claims against their insurance company for improper claims handling. To learn more clink on the following link: http://m.naplesnews.com/news/2012/jan/26/bad-faith-bill-sponsored-by-naples-rep-passidomo/
