How Do Third-Party, Bad Faith Bodily Injury Claims Affect Automobile Insurance Costs and Compensation

Topics:
Insurance
Tags:
Accident,
Insurance,
Ingersoll-Rand,
Human Resources,
Financial Planning,
Finance,
Corporate Insurance,
Compensation,
California Supreme Court,
Business Operations,
...
Source:
RAND

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Overview: In its 1979 decision in Royal Globe Insurance Company v. Superior Court, the California Supreme Court gave an accident victim the right to bring a claim for punitive damages against another person's liability insurer if the victim felt that the insurer had engaged in unfair claims settlement practices. Although the California Supreme Court reversed this decision in 1988, so-called third-party, bad faith suits continue to be debated nationwide. This article analyzes how the third-party does; bad faith bodily injury claims affect automobile insurance costs and compensation?

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