Insurance 101 – Chapter 11 – Volume 52 – Evidence Needed For Punitive Damages

 Evidence Needed For Punitive Damages

In fact, under New York law, like most jurisdictions, an insurer does not breach its duty of good faith when it makes a mistake in judgment or even when it behaves negligently. Rather, a plaintiff must establish that the insurer’s actions demonstrated a gross disregard for its insured’s interests and that the insurer’s conduct involved a deliberate or reckless failure to place on equal footing the interests of its insured with its own interests when considering a settlement offer.

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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