Jury Awards Over $1 Million in New York Bad Faith Insurance Case

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The jury’s decision serves as a warning to insurance companies that they must act in good faith when processing claims. Policyholders pay premiums to their insurers in the expectation that they will be protected in the event of a loss, and insurers have a legal obligation to act in good faith when handling claims.

This case is a reminder that policyholders should be vigilant in ensuring that their insurer is acting in good faith.