What are examples of insurance bad faith?
• Unreasonable delay in paying a valid claim or unreasonably refusing to pay a claim within policy limits • Refusal to pay disability insurance benefits • Denial of a valid claim without adequate investigation, or ignoring the findings of an investigation • Termination of an insurance policy after a claim has been made • Unreasonable refusal or failure to defend a policyholder who has been sued for injuring someone else • Unreasonably offering to settle a claim for much less than its fair value • Improper or incompetent handling of claims or reserving insufficient funds to pay the claim
