Insurance 101 – Chapter 11 – Volume 63 – Third Party Bad Faith

Third Party Bad Faith

Historically, the tort of bad faith was limited to first party relationships because there was a contractual relationship between the parties. The third party claims were first considered when the failures of the insurer involved the insured to the insured’s detriment. Over time, that expanded further to include the third party claimants. There are many cases which set forth criteria for determining whether a carrier acted in bad faith in handling the settlement of a third party claim.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

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