Insurance Claims Bad Faith

Mr. Underdown has claims experience with an insurance company, a third party claims administrator, and as the Risk Manager for several corporations. The potential for bad faith arises when an insurance company has an opportunity to settle a claim against their insured within the policy limits but tries to save a few dollars by offering less than policy limits. Often the insurance company knows that the value of the claim or case is equal to or in excess of the policy limits. Under these circumstances, an insured may have a bad faith claim against the insurance company. Mr. Underdown has consulted on several claims of this nature when extra-contractual damages are an issue because of the bad faith claims handling.