What Insurance Companies Are Guilty of Bad Faith Denial of a Claim?
It probably would not come as a shock to most people, but companies are made up of a very diverse group of people, some good, some indifferent, and some bad. Unfortunately, some of the bad ones obtain a position of control and authority, so that they can hurt other people, in order to advance their own person interests. This is true of all companies, but in the case of insurance companies, it can have very serious and terrible consequences. That is because, in the world of insurance companies, the only measure of success is the bottom line of profits to the shareholders. Notwithstanding this fact, the law requires insurance companies, and their employees, to exercise the utmost good faith when dealing with their customers. That means, acting reasonably and fairly when an insured puts in a claim. If an insurance company employee puts his or her own personal interests above the interests of an insured, so as to wrongfully deny a claim, then there has been bad what is called bad faith. Pe