Claims and Bad Faith Law Blog » Reinsurance
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Find articles on Reinsurance like court explaining why reinsurance is a special place, reinsurers are not liability carriers unless they're acting like one, and many more like this! Claims and Bad Faith Law Blog gives insight into Insurance Bad Faith Law and Claims, and Deceptive Unfair Trade Practices, and Fiduciary Duty and Fraud Claims, from across the country and the world.
Claims and Bad Faith Law Blog » Reinsurance
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
Claims and Bad Faith Law Blog » Reinsurance
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