Bad-Faith Claim

Synonyms

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“Bad-faith claim” refers to a type of lawsuit involving an insurer who acted in bad faith. First-party insurance bad faith involves an insurer’s refusal to pay a claim without a reasonable basis or without properly investigating the claim in a timely manner. An insurer that is found to have acted in bad faith can be liable for damages in excess of the policy limits, including liability for judgments in excess of the policy’s limits, statutory penalties, interest, emotional distress, consequential economic losses, attorneys’ fees, and punitive damages.

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