A COURT EXPLAINS WHY REINSURANCE WORLD IS A SPECIAL PLACE.
Claims and Bad Faith Law Blog » Reinsurance
by Dennis Wall
1y ago
A federal Court applying Illinois law recently held that there is no statutory bad-faith claim against a reinsurer's agents under 215 Ill. Comp. Stat. (ILCS) 5/155 because that statute does not apply to reinsurance contracts or to reinsurers' agents. The ..read more
Visit website
REINSURERS ARE NOT LIABILITY CARRIERS ... UNLESS THEY ACT LIKE THEM.
Claims and Bad Faith Law Blog » Reinsurance
by Dennis Wall
1y ago
Reinsurers generally are not liable for extracontractual, "bad faith" damages. Four exceptions have been recognized, and the biggest exception is where the reinsurer acts like a liability carrier in the situation at hand. It is significant as well that the ..read more
Visit website

Follow Claims and Bad Faith Law Blog » Reinsurance on FeedSpot

Continue with Google
Continue with Apple
OR